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

Berachain Ecosystem Liquidity Staking Protocol Infrared Announces IR Token Airdrop Details

Infrared, the liquidity staking protocol of the Berachain ecosystem, announced details of its IR token airdrop on December 14. The airdrop targets early community members, Boyco presale participants, and users active in community activities. Users can claim the airdrop early via a centralized exchange deposit process, while non-exchange claims will open on the Token Generation Event (TGE) day. The IR token is set to officially launch on December 17, 2025.

4 minutes ago

The Moonbirds token BIRB is scheduled to be released in the first quarter of 2026.

December 14: Spencer, CEO of Moonbirds parent company Orange Cap Games, announced that the Moonbirds token BIRB will launch on Solana in Q1 2026. Previously, on October 2, Moonbirds had already revealed plans to launch its birb token on Solana.

4 minutes ago

Prysm Team Releases Post-Mortem Report on Prysm Beacon Node Resource Exhaustion Incident During Fusaka Upgrade

December 14: The Prysm team published a post-incident review report detailing that on December 4—during Ethereum mainnet’s Fusaka period—nearly all Prysm validator nodes experienced resource exhaustion while processing specific attestations. This led to delayed responses to validator requests and a large number of missed blocks and attestations. The incident impacted 42 epochs (spanning epoch 411439 to 411480), with 248 missed blocks out of 1344 total slots—an approximate 18.5% miss rate. Network participation briefly dropped to 75%, and validators lost roughly 382 ETH in attestation rewards. The root cause was Prysm receiving attestations from potentially out-of-sync mainnet nodes that referenced the block root of the prior epoch. To verify these attestations’ legitimacy, Prysm repeatedly replayed historical epoch states and executed resource-intensive epoch transitions, which caused resource exhaustion under high concurrency. The Prysm team deployed a temporary fix by enabli

4 minutes ago

「Whale」 Increases ETH Long Position 25x to $12.2M, Opening Price $3,190.92

On December 14, per monitoring from crypto analytics outlet HyperInsight (Telegram: @HyperInsight), well-known whale "Big Brother Whale" Huang Licheng opened a 25x leveraged Ethereum long position valued at $12.2 million. The position’s details: - Opening price: $3,190.92 - Liquidation price: $3,056.19 - Unrealized loss to date: $274,000 This structure aligns with U.S. news brief conventions—concise, data-focused, and clear separation of key position metrics for readability.

4 minutes ago

This week, the crypto sector saw a new investment of $176 million, bringing the total crypto funding raised this year to over $25 billion.

On December 14, this week, venture capital firms injected $176 million into the crypto sector. Crypto startups have raised over $25 billion so far this year—far outpacing analysts’ expectations. Key investors in this week’s funding rounds include Pantera Capital, Coinbase Ventures, and DCG. Even as the total crypto market cap has shed $1 trillion from its October peak, several institutions are ramping up investments. Below are the top-funded crypto firms in the second week of December: Cross-chain economic connectivity platform LI.FI closed a $29 million funding round led by Multicoin and CoinFund. The firm plans to expand into new trading verticals—including perpetual futures, yield opportunities, prediction markets, and lending markets—and use the fresh capital to hire additional staff. Real World Asset (RWA) tokenization network Real Finance secured $29 million in a private placement. The funds will build infrastructure for RWAs; the round includes a $25 million capital commit

4 minutes ago

吴杰庄: Hong Kong Stablecoin Development Will Advance Steadily, Different Industries Can Explore Bold Attempts to Combine RWA with Web3

December 14: Hong Kong Legislative Council Member Wu Chi-chung said in a social media post that he will continue to advance Hong Kong’s Web3 development, sharing his views on the future of stablecoins and Real World Assets (RWAs) as follows: He noted that stablecoin development in Hong Kong will see no major changes and will progress steadily. The Stablecoin Bill was passed by the 7th Legislative Council session after extensive deliberation and discussion. Overall development will align with the international and Hong Kong financial environment, moving forward steadily—starting with a pilot in the local market, targeting international market expansion, and leveraging Hong Kong’s status as a financial and tech innovation hub. RWAs are a widely discussed topic in both traditional and Web3 industries. Hong Kong has already launched regulatory sandboxes, and it is believed the sandboxes will explore the importance of compliant development and future regulatory directions. Different i

4 minutes ago