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

Mainstream Perp DEX Overview: Overall Trading Volume Retreated, with EdgeX Trading Volume Ranking Second

On March 26, data from DefiLlama reveals that trading volumes across major perpetual futures DEX platforms have generally declined, while open interest remains elevated. Among these platforms, Hyperliquid’s 24-hour trading volume dropped by roughly 11%, with open interest seeing only a minor change but staying at high levels. The latest 24-hour trading volume and open interest rankings are as follows: - **Hyperliquid** (link: https://app.hyperliquid.xyz/join/NTOD): ~$7.03B trading volume; ~$7.06B open interest - **EdgeX**: ~$3.03B trading volume; ~$1.20B open interest - **Aster** (link: https://www.asterdex.com/en/referral/aboter): ~$2.03B trading volume; ~$1.92B open interest - **Lighter** (link: https://app.lighter.xyz/?referral=70045843): ~$2.00B trading volume; ~$690M open interest - **Grvt**: ~$1.48B trading volume; ~$474M open interest - **Pacifica** (link: https://app.pacifica.fi/trade/PAXG?referral=pacbot): ~$344M trading volume; ~$74.52M open interest Note:

4 minutes ago

Binance Will List Tether Gold (XAUt) Spot Trading

On March 26, Binance will list Tether Gold (XAUt) for spot trading and assign it a "Seed" label, per official sources.

4 minutes ago

Trump: Iran Should Get Serious Quickly to Avoid Being "Too Late"

March 26: U.S. President Trump said Iran needs to get serious soon — or it’ll be too late. Once the negotiation window closes, there’s no turning back, and the outcome won’t be pretty. Iran’s negotiating team is quite different — even "strange." They’re "begging" us to strike a deal, which makes sense: they’ve been militarily devastated with no chance of bouncing back. (Golden Finance)

4 minutes ago

European Parliament Votes to Approve EU-US Trade Agreement

March 26: The European Parliament’s full chamber voted on the EU-U.S. trade agreement, which passed. The European Parliament’s International Trade Committee voted 29 in favor on March 19 to restart the legislative approval process for the deal. The EU and U.S. struck the trade agreement in July 2025. Under its terms: - The EU must eliminate tariffs on U.S. industrial goods and grant preferential market access to U.S. seafood and agricultural products. - In exchange, the U.S. will impose a 15% tariff on most EU exports to the U.S. (CCTV News)

4 minutes ago

The US Department of Labor's proposed rule has passed White House review, which will determine whether retirement funds can invest in crypto assets

March 26 — The U.S. Department of Labor’s proposed rule targeting changes to investment options in the $10 trillion domestic 401(k) market has cleared White House regulatory review, moving one step closer to official release. The Office of Information and Regulatory Affairs (OIRA) finished its review of the rule on March 24, clearing the way for the Labor Department to formally publish the proposal in the coming weeks. If finalized, the rule would amend trustee guidance for plans covered by the Employee Retirement Income Security Act (ERISA), potentially allowing plan sponsors to include cryptocurrency and private equity among designated investment options. The proposal stems from an executive order signed by former President Donald Trump last year, which directed the Labor Department to make it easier for participant-directed defined contribution plans to include alternative assets. That executive order also instructed the U.S. Securities and Exchange Commission (SEC), the Tr

4 minutes ago

A Whale Takes Profit on Gold-Silver Short, Totaling $2.61M

March 26th — Per data from HyperInsight Monitoring, a whale with an address starting with 0x1e9 has fully closed out its GOLD and SILVER short positions over the past half hour. The total position size at close was approximately $2.61 million, netting the whale roughly $120,000 in profits. These short positions were initiated earlier this morning. Capitalizing on the intraday drop in precious metals, the address opted to close the positions at an opportune moment to lock in gains. The holding period spanned roughly 15 hours from initiation to profit-taking.

4 minutes ago