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Crypto exchanges in Singapore roped in to help with international case on stolen assets
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The case, which spans countries from Singapore to Europe, is linked to the theft of a crypto password and the fraudulent transfer of millions in cryptocurrencies.
PHOTO: PIXABAY
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SINGAPORE - More than five cryptocurrency exchanges in Singapore are working with London-based financial crime investigators in a case involving an estimated US$3 million (S$4.1 million) in stolen digital assets.
London-based Intelligent Sanctuary, or iSanctuary, did not name the exchanges but said the fraudsters are “purported to be from Singapore” and that the illicit assets were being laundered through exchanges that include some operating from the Republic.
