Singapore’s Largest Money Laundering Case: So Bing Hock’s 260 Million RMB UK Asset Seizure (9 London Apartments + Dinosaur Fossil) Linked to Atom Asset Exchange Scam

According to COINOTAG News, citing Caixin, authorities are pursuing a high-profile money-laundering case in Singapore linked to fugitive So Bing Hock. UK authorities have seized approximately 260 million RMB in assets, including nine London flats (about 140 million RMB) and a dinosaur fossil valued at roughly 116 million RMB, illustrating cross-border asset seizures tied to crypto crime.

The investigation centers on a transaction volume of around 3 billion SGD (roughly 16 billion RMB), with another suspect, Wang Shuiming, previously arrested in Montenegro, underscoring the transnational reach of investigations into crypto-related fraud.

Authorities also identify Su Weiyi as an alleged mastermind behind the Hong Kong crypto platform Atom Asset Exchange scam, highlighting risk vectors in regional crypto markets and the need for enhanced due diligence on digital asset platforms.

These developments signal tighter regulatory scrutiny and greater cross-border cooperation as exchanges and custodians strengthen controls to deter illicit activity within the evolving crypto ecosystem.