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Former Singaporean naval officer Zhang Rongxuan has been sentenced to six years and ten months in prison for stealing 1.7 million Thai baht (approximately 2.3 million Singapore dollars). He used stolen money to purchase luxury watches, gamble, and pay off his mortgage. It is reported that Zhang Rongxuan was a captain in the elite diving unit of the Navy at the time of the incident, and jointly operated a non-homogeneous token trading platform with the victim. Zhang Rongxuan admitted to committing theft after suffering huge losses due to the collapse of the FTX exchange. (Lianhe Zaobao)