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

Southern’s double-leveraged long product targeting SK Hynix and Samsung saw its decline widen to over 19%, hitting new lows not seen since May for both.

According to Bitget market data, the Hong Kong-listed CSOP 2x Long SK Hynix fell more than 20% at one point during intraday trading, and is now down 17.8%. The Hong Kong-listed CSOP 2x Long Samsung dropped over 19% intraday, and is currently down 18.1%. Both have hit their lowest levels since May.

5 minutes ago

Xi Jinping attends the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-Level Conference on Global Artificial Intelligence Governance, and delivers a keynote address.

Chinese President Xi Jinping attended the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-Level Conference on Global Artificial Intelligence Governance in Shanghai, and delivered a keynote speech. (Xinhua News Agency)

5 minutes ago

A whale heavily invested in semiconductor stocks has liquidated all its holdings at a loss, with losses mainly stemming from positions in MRVL, SanDisk and SK Hynix.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that went long on a basket of tech semiconductor stocks has liquidated its entire position at a loss, resulting in a total account loss of over $10.4 million in 30 days. The whale previously held a $19.39 million heavy position in popular semiconductor stocks including MRVL, SNDK, SKHX, MU, NBIS, CRCL, and ZHIPU, with major losses attributed to Marvell Technology, SK Hynix, and SanDisk.

5 minutes ago

DeFiTuna lending pool hacked, 580,000 USDC stolen

Solana-based derivatives protocol DeFiTuna’s lending pool was hacked yesterday, with 580,000 USDC drained, leaving the USDC lending pool with a $580,000 deficit. The attack vector has since been identified and mitigated; the team is still investigating the incident’s details and working to recover the funds.

5 minutes ago

HYPE falls below the $60 mark, with a16z seemingly liquidating over $30 million worth of the token.

According to HTX market data, HYPE has fallen below the $60 mark, recording a 10.4% drop in the past 24 hours. On the news front, a16z is suspected of liquidating its position. An address linked to a16z withdrew 471,500 HYPE tokens from Hyperliquid over the past day, valued at roughly $30.57 million, before transferring the assets to multiple trading platforms.

5 minutes ago

South Korean stocks suffered sharp declines even while closed for trading; Nan Fang Asset Management’s 2x long ETFs for SK Hynix and Samsung posted respective drops of 17.8% and 14.7%.

According to Bitget market data, South Korean stocks are closed today for Constitution Day, but SK Hynix and Samsung Electronics are still priced in other markets. At the Hong Kong Stock Exchange open, Southern’s twice-leveraged long products tracking SK Hynix plunged 17.8%, while those tracking Samsung Electronics dropped 14.7%. Separately, per BIT (bit.com) market data, SK Hynix’s ADR plummeted 13.69% at the close of U.S. trading this morning, and has since stabilized, trading up 1% in after-hours sessions.

5 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.