The first two batches of confiscated assets tied to Singapore’s S$3 billion money laundering case have gone up for online auction, with an estimated total value of S$2.9 million to S$3.9 million, according to BlockBeats. The report said suspect Su Weiyi was the behind-the-scenes operator of crypto platform Atom Asset Exchange. It also said Su Baolin had received proceeds from illegal gambling through USDT, then converted at least S$463,000 into cash and used funds to buy a Toyota Alphard. The update links the case to activity involving a centralized crypto platform and stablecoin transactions, as the disposal of seized assets moves ahead online. No additional details on the auction process or the broader asset list were provided in the brief.
The first two batches of confiscated assets in Singapore’s S$3 billion money laundering case have been put up for online auction, with an estimated combined value of S$2.9 million to S$3.9 million, according to BlockBeats on Sept. 12.
The report said suspect Su Weiyi was the behind-the-scenes operator of crypto platform Atom Asset Exchange. It also said Su Baolin received proceeds from illegal gambling through USDT, converted at least S$463,000 into cash, and purchased a Toyota Alphard.
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