Singapore's S$3 billion money laundering case involves a key figure behind a crypto CEX, who allegedly used cryptocurrencies to launder money.

BlockBeats news, September 12: The first two batches of confiscated assets in Singapore's S$3 billion money laundering case have opened for online auction, with an estimated total value of S$2.9 million to S$3.9 million.

It is reported that the involved individual Su Weiyi is the mastermind behind the cryptocurrency platform Atom Asset Exchange, and Su Baolin received illegal gambling proceeds through USDT and exchanged at least S$463,000 in cash and purchased a Toyota Alphard.