According to reports, the Singapore Police Force conducted operations with the cryptocurrency payment platform StraitsX from May 13 to 30 to combat cryptocurrency money laundering activities. A total of 35 men and 14 women assisted in the investigation.
During the operation, over 200,000 Singapore dollars in cash were seized. The police pointed out that these individuals are suspected of lending cryptocurrency accounts or Singpass information to scammers, with each person earning between 400 and 3000 dollars. The relevant accounts are suspected of being used to launder ill-gotten gains.