“ $6.5M Crypto Laundering Case Lands Singapore Man in Jail.” 🚨⛓️
A man in Singapore was sentenced to two years in prison for helping a former colleague illegally transfer and launder around 8.83 million SGD (approximately $6.5 million) in cryptocurrency.
The case involved three ex-employees who, after leaving their company, hacked into the trading platform operated by DLT Ltd. Between June and August 2025, they carried out multiple unauthorized withdrawals. 💰
The stolen funds were routed through a spouse’s bank account, converted into $BTC Bitcoin and USDT, and spread across various wallets to hide their origin. Some of the money was later used for personal expenses, and one suspect is still at large.
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