Lookonchain APP

App Store
Feeds Articles

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.
Add to Favorites Download image Share x Copy link
Relevant content

Tom Lee: AI bottleneck stocks have pulled back, Ethereum, as a key downstream asset for AI, has promising performance.

Tom Lee posted a note after the U.S. stock market opened that amid the pullback in AI bottleneck stocks (represented by semiconductor ETFs), downstream assets including MAGS, IGV, and Ethereum are delivering absolute returns. Citing data, Lee pointed out that Ethereum has outperformed DRAM by 55% over the past month, emphasizing that ETH, as a key downstream asset for AI, can act as a "guardrail" of consumer trust for the AI sector.

6 minutes ago

AI inference startup General Compute has secured a $400 million loan, in what is the first financing transaction backed by inference-specific chips as collateral.

AI inference-focused startup General Compute recently secured a $400 million loan from Upper90, marking the first financing transaction backed by inference-specific chips as collateral. The company builds its dedicated cloud platform using SambaNova ASIC chips. General Compute closed a $15 million seed round in May, positioning itself to proxy AI workloads, delivering faster token processing speeds and lower latency than traditional GPU-based clouds, with deployments in existing data centers including crypto mining facilities.

6 minutes ago

One hour ago, a founding investor of Lido deposited 4.3 million LDO tokens they have held for five years into Kraken.

According to monitoring by Chinese crypto analytics platform Yu Jing, an initial institutional investor in Lido transferred 4.3 million LDO tokens (valued at $1.61 million) to Kraken one hour ago, after holding the assets for five and a half years. The institution received an allocation of 5 million LDO tokens in December 2020; at the 2021 bull market peak, these tokens were worth $30 million, while their current market capitalization stands at just $1.88 million. However, the investor’s cost basis for acquiring the LDOs is only $0.0085, meaning it still holds over 40x profits even at today’s prices.

6 minutes ago

U.S. House Financial Services Committee holds a hearing on the CLARITY Act today, with the updated text possibly delayed until next week.

Crypto journalist Eleanor Terrett posted on X that Republican members of the U.S. House Financial Services Committee will hold an in-person hearing in New York at 10 a.m. ET, focusing on how the CLARITY Act can drive innovation in the digital asset space. The hearing is an informational session designed to gather industry input and discuss policy implications, and will not impact the Senate’s ongoing consideration of the bill. Meanwhile, the updated legislative text of the CLARITY Act has not yet been released. Citing industry sources, Terrett noted that crypto industry leaders currently expect the updated text to be delayed until next week.

6 minutes ago

The decline in US stocks narrowed, with SK Hynix ADR gaining more than 4%.

According to BIT (bit.com) market data, SK Hynix ADR rebounded after briefly trading below its issue price today, now up over 4% at $158.91. Driven by this, Micron has also turned positive, with a current gain of 0.49%. Earlier news: the preliminary reading of the University of Michigan’s U.S. Consumer Sentiment Index for July hit 54.4, versus an expectation of 51 and a prior reading of 49.5. The preliminary one-year U.S. inflation expectation for July stands at 4.2%, against an expectation of 4.50% and a prior value of 4.60%.

6 minutes ago

US Central Command: No US troops have been captured or killed recently.

US Central Command: Claims by Iranian forces that they attacked the US garrison in Syria’s Tanf and captured or killed US troops during the operation are false. No US military personnel have been killed or captured in the region recently. Earlier, Iranian authorities had claimed to have killed multiple US service members.

6 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join