Singapore Police Use Blockchain Analysis to Block $4.2M in Scam Losses
- Scam Loss Prevention: The Singapore Police Force successfully blocked over $4.2 million in potential scam losses within six weeks through blockchain analysis, demonstrating their effectiveness and commitment to combating cryptocurrency fraud.
- Joint Operation Success: This operation involved seven cryptocurrency exchanges, including Coinbase and Gemini, with officers conducting over 145 targeted interventions across various scam categories such as government impersonation, investment fraud, job scams, and love scams, thereby expanding the scope of their efforts.
- Technological Tools Empowering Action: Utilizing advanced analytical tools from Chainalysis and TRM Labs, the police enhanced the speed and accuracy of victim identification, protecting $2.86 million in the previous operation and increasing the number of victims from over 90 to 145, showcasing the sustained impact of public-private partnerships.
- Ongoing Public Education: In addition to technical interventions, the Singapore Police maintained public education through the “ACT” framework, encouraging residents to install the ScamShield app and set transaction limits, thereby enhancing scam prevention awareness and creating a multi-layered defense system.
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Technical Analysis for CYBER
Technical Sentiment Analysis for Cyber (CYBER). As of , Cyber (CYBER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CYBER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, CYBER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Cyber (CYBER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.192 | 0.259 | 0.307 | 0.374 | 0.422 | 0.489 | 0.537 |
| Fibonacci | 0.259 | 0.303 | 0.33 | 0.374 | 0.418 | 0.445 | 0.489 |
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