Asset Auction

Poolin

2026-10-01 02:39:54

New Jersey court clears renewed bidding for Poolin’s Texas bitcoin mining assets

A U.S. bankruptcy court in New Jersey has approved the reopening of the bidding process for Poolin’s Texas bitcoin mining assets, according to TheEnergyMag. An affiliate of Hut 8 remains the stalking horse bidder, with a proposal valued at up to $180 million. That offer includes $100 million payable at closing and as much as $80 million in milestone payments tied to future data center transactions. Court filings said those additional payments are linked to development projects involving AI, high-performance computing, cloud computing, and colocation facilities, but not facilities used primarily for crypto mining. Poolin had previously selected a $140 million deal, but the auction was restarted after a bidding dispute. A public auction is scheduled for Oct. 2, while competing bidders must submit offers by Oct. 1. The court said the renewed process is intended to maximize value for creditors.

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Singapore

2026-09-12 10:06:23

Online auction opens for confiscated assets in Singapore S$3 billion money laundering case

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.

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Singapore

2026-09-12 06:24:50

First batches of forfeited assets in Singapore S$3 billion money laundering case go up for auction

The first two batches of forfeited assets tied to Singapore’s S$3 billion money laundering case have formally opened for auction, according to ChainCatcher. The assets are estimated to be worth between S$2.9 million and S$3.9 million in total. Bidding is conducted online only, with no in-person or telephone bids allowed. The confiscated items are being stored at the Le Freeport facility in Changi North Crescent, where members of the public in Singapore and overseas may view them by appointment, subject to limited slots. One of the items drawing the most attention is a limited-edition pumpkin bag from the Louis Vuitton and Yayoi Kusama collaboration. ChainCatcher also noted that the case is one of the largest money laundering cases in Singapore in recent years. In the same case, Su Weiyi, a partner of Wang Shuiming, was confirmed to be the mastermind behind the Atom Asset Exchange crypto platform scam. Another person involved, Su Baolin, allegedly received proceeds from illegal overseas online gambling through USDT, converted part of those holdings into at least S$463,000 in cash in 2023, and also used USDT to purchase a Toyota Alphard.

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Singapore

2026-09-12 06:23:49

First confiscated assets in Singapore S$3 billion money laundering case go up for auction

The first two batches of confiscated assets tied to Singapore’s S$3 billion money laundering case have officially entered an open bidding process, with their combined estimated value put at between S$2.9 million and S$3.9 million. The sale is being conducted through online bidding only, with no in-person or telephone bids allowed. The seized items are being stored at the Le Freeport facility in Changi North Crescent. Members of the public in Singapore and overseas who are interested in bidding may view the assets, but visits require advance booking and slots are limited. One of the items drawing the most attention is a limited-edition pumpkin bag from Louis Vuitton and Yayoi Kusama. According to Lianhe Zaobao, the case is one of the largest money laundering cases in Singapore in recent years. The report said Su Weiyi, a business partner of Wang Shuiming, was confirmed to be the mastermind behind the crypto platform scam Atom Asset Exchange. Another person involved, Su Baolin, was reported to have received proceeds from illegal overseas online gambling through USDT, converted part of the USDT into at least S$463,000 in cash in 2023, and also used USDT to buy a Toyota Alphard.

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