Cryptocurrency investigations in Singapore rely on a mix of technical expertise and collaboration to trace stolen funds. Officers from the Singapore Police Force’s Cyber Command follow digital money trails, which often involve complex movements across multiple wallets and platforms. ASP Mohamed Shariff Ahmed Munshi, a Cryptocurrency Tracing Officer, focuses on scams, using blockchain analytics to track fund flows and identify potential victims. His team works with industry partners and overseas law enforcement to disrupt illicit transactions and prevent further losses.
Between March and August 2026, joint operations involving the Police and cryptocurrency exchanges identified over 720 potential scam victims and prevented more than $18.9 million in potential losses. ASP Shariff emphasizes the importance of empathy and patience in helping victims understand the evidence. Meanwhile, Mr Muhammad Syazwan Bin Suhaimi, a Cyber Specialist, develops tools to uncover hidden cryptocurrency trails. His work includes analyzing digital evidence and building custom tools to track funds, even through privacy mixers designed to obscure transactions.
In one notable case, Mr Syazwan used a tool he developed to trace $8.8 million stolen from a cryptocurrency exchange hack. His efforts led investigators to the accused. Both officers highlight the evolving nature of cryptocurrency crime, driven by advancements like artificial intelligence. Their work is motivated by the goal of protecting real people behind the digital transactions.