Lookonchain APP

App Store

Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

2025.03.04 00:16:16

On March 4th, as reported by NetEase's PingWest Team, Wang Shuiming, who is from Anxi, Fujian and was involved in Singapore's largest money laundering case, has been arrested in Montenegro and is set to be extradited back to China. Wang Shuiming's partner, Su Weiyi, has been confirmed to be the mastermind behind the Hong Kong cryptocurrency exchange scam AAX and was apprehended by the Hong Kong police in July 2024. In November 2022, the Atom Asset Exchange suddenly suspended withdrawals and subsequently shut down, with Su Weiyi absconding with 16.74 million Hong Kong dollars (approximately 15.675 million yuan) in funds. In July 2024, Su Weiyi was arrested by the Hong Kong police. It is worth noting that Su Weiyi, along with other partners, owns other companies that have connections to convicted Filipino-Chinese former mayor Alice Guo.
Relevant content

Japanese storage giant Kioxia surpasses Toyota to become Japan's most valuable company

June 12: Bitget market data shows Japanese storage giant Kioxia has surpassed Toyota to become Japan’s most valuable company by market capitalization.

1 seconds ago

Suspected Bitmine Withdraws $41 million Worth of ETH from BitGo

On June 12, Arkham Monitor reported that a newly created whale address—0x17A—withdrew roughly $41 million worth of Ethereum from custodian BitGo. The pattern of this fund movement aligns with past buying activity by Bitmine, led by Tom Lee, sparking market speculation over "continued institutional buying."

1 seconds ago

SpaceX Mascot Meme Coin Fails to Rally Alongside IPO Hype, ASTEROID Plunges 24% Intraday

On June 12, GMGN monitoring shows that as SpaceX’s initial public offering (IPO) nears, the on-chain meme coin ASTEROID—named after SpaceX’s official mascot “Space Dog”—has not seen a funding surge and has instead experienced a recent decline. The Ethereum-based ASTEROID remains the highest market cap variant, with a current market capitalization of roughly $38.14 million. It has tumbled 24% over the past 24 hours, with a corresponding trading volume of around $3 million. The Solana-based ASTEROID is currently valued at $8.1 million, holding a 24-hour trading volume of approximately $320,000. BlockBeats reminds users that meme coins are highly volatile assets heavily dependent on market sentiment and hype, with no real intrinsic value or practical utility use cases. Investors should exercise full caution regarding the associated risks.

1 seconds ago

CNBC: Market Sentiment Warms Up, SpaceX's Epic IPO Lands on Nasdaq Today

June 12 – SpaceX is set to make its official debut on the Nasdaq this Friday in what’s on track to be one of the largest initial public offerings (IPOs) in history. Priced at $135 per share, the offering will raise approximately $75 billion, valuing the space exploration firm at around $1.77 trillion. Per CNBC, the IPO will push SpaceX into the rank of the world’s seventh-most valuable U.S.-listed company — a milestone widely viewed as a critical step toward founder Elon Musk becoming the planet’s first trillionaire. The outlet adds that retail investor allocations for the offering came in below initial expectations, landing just slightly above 20% — a figure underscoring robust demand from institutional investors and intense competition for shares. On the eve of SpaceX’s listing, global stock markets rallied broadly as risk appetite rebounded. A key catalyst for this shift: a sharp turnaround in U.S. President Donald Trump’s stance on Iran, with Trump announcing a U.S.-Iran agreeme

1 seconds ago

South Korea's KOSPI Index Trims Gain After Surging Over 8%

On June 12, per Bitget market data, South Korea’s KOSPI index has trimmed its gains, now up 5.51% after surging over 8% earlier.

1 seconds ago

Iranian MP: US Attack on Iran Aimed at Pressure, to Support Negotiations

June 12 (via CCTV) — U.S. President Donald Trump stated on June 11 that the U.S. military would conduct a "very strong" strike against Iran that night, though he later called off the operation. The announcement followed U.S. military attacks on multiple Iranian locations two days prior. Ibrahim Azizi, chairman of Iran’s National Security Committee (part of the Islamic Consultative Assembly), told media on June 11 that this recent round of U.S.-Iran confrontations is not a "war" but rather "U.S. high-pressure tactics" designed to achieve its goals. Azizi explained Washington is using military pressure to back negotiations, aiming to secure outcomes it could not obtain on the battlefield. He emphasized the U.S. must accept that Iran is no longer the country it once was: tempered by conflict, Tehran has made major advances in military, defense, political and economic areas alike.

1 seconds ago