Singapore Blocks $2.1M Scams, DOJ Holds $700M Crypto Freeze, Bitcoin Steady at $78,076

Singapore Police blocked SGD 2.86M ($2.11M USD) in crypto scams via public-private partnership with Coinbase, Upbit and analytics firms, intervening in 90 cases, as US DOJ maintained its $700M cryptocurrency freeze from Southeast Asian scam compounds. The crackdown began April 24 with restraints on $700M+, arrests of two Chinese nationals in Thailand, seizure of 503 fraudulent websites, 1,300 computers, thousands of phones, and sanctions on Cambodian senator Kok An, plus a new $10M State Department reward. Bitcoin traded steadily from $77,670 to $78,076, signaling neutral-to-positive sentiment on enhanced sector legitimacy.