Singapore auctions assets seized in $3 billion money laundering case

Singapore has opened bidding for the first two batches of assets seized in a $3 billion money laundering case, with an estimated total value between 2.9 million and 3.9 million SGD. The auction is conducted exclusively online. The case involves individuals linked to cryptocurrency-related illicit activities, including Su Weiyi, the mastermind behind the Atom Asset Exchange platform scam, and Su Baolin, who used Tether (USDT) to receive proceeds from illegal online gambling and to purchase luxury assets.