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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.
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Whale "Sets 10 Major Goals First" and Longs Bitcoin Positions Last Night

April 7th — Contract whale "First Set 10 Big Goals" (@Jason60704294) posted a long position limit order on X at 1 a.m. ET this morning, with a screenshot showing a limit price of $69,574.7 and an additional 270.37 BTC long position. Bitcoin fell below the entry price this morning, so the order is expected to have been executed. Yesterday afternoon, Bitcoin briefly broke above the $70,000 mark, and the whale’s BTC long position was once up $5.52 million.

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On April 7th, crypto mining firm Marathon Digital Holdings (MARA) transferred another 250 BTC—valued at roughly $17.37 million—from its holdings three hours ago, per data from blockchain monitoring platform LookOnChain. Prior to this latest transfer, MARA sold 15,133 BTC—worth approximately $1.1 billion—between March 4th and March 25th.

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Ethena: Will Extend Neutral Arbitrage Trading to Stock and Commodity Markets

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A Whale Deposited Over 60,000 ETH to Coinbase in a Nearly 4-Hour Span, Worth $1.288 Billion

On April 7th, LookOnChain data shows that over the past 4 hours, whale address 0xA5CB transferred 60,001 ETH to Coinbase, with the deposit valued at $1.288 billion.

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Spark transferred 414,000 USDS to the buyback address 7 hours ago, initiating the buyback

April 7th: Per Ashes Monitor, Spark transferred 414,000 USDS to its buyback address 7 hours ago, launching the second month of SPK token repurchases. First-month recap: 572,000 USDS was used to repurchase 26.66 million SPK tokens. Second-month update: The 414,000 USDS buyback fund has been sent to the buyback address, with repurchases now underway.

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