Singapore's SGD 3 billion money laundering case involves confiscation of assets for auction, with individuals involved using cryptocurrency for money laundering

The first two batches of confiscated assets in Singapore's SGD 3 billion money laundering case have opened online auctions, with an estimated total value of SGD 2.9 million to SGD 3.9 million. The suspect Su Weiyi is the mastermind behind the cryptocurrency platform Atom Asset Exchange. Su Baolin once received illegal gambling proceeds through USDT and exchanged them for at least SGD 463000 in cash and purchased Toyota Alphard. (Source: Lianhe Zaobao)