The Atom Asset Exchange crypto scam is allegedly masterminded by Su Weiyi.
Su Binghai, a key figure in Singapore’s largest money laundering case, had assets totaling 260 million yuan confiscated in the UK, including London apartments and dinosaur fossils.
The case, involving 16 billion yuan, links to a Hong Kong crypto scam, impacting regulatory perspectives on laundering and asset recovery in international financial markets.
Su Binghai, involved in a $3 billion money laundering case in Singapore, had UK assets seized, totaling around 260 million yuan. Confiscated properties included nine London apartments and dinosaur fossils. These seizures represent considerable actions against criminal financial structures targeting global jurisdictions. Significant asset recovery efforts highlight complex international legal cooperation. This underscores Singapore’s proactive stance in financial crime deterrence. Market observers note the absence of impactful statements from primary crypto figures. Notably, significant reactions from regulatory bodies emphasize asset recovery focus.
According to CoinMarketCap, Ethereum (ETH) is currently priced at $3,440.01. It holds a market cap of $415.2 billion with a 24-hour volume of $41.88 billion, marking a 2.44% daily increase. The circulating supply remains robust at 120.7 million ETH as of November 8, 2025.
Currently, there are no direct quotes from individuals involved in the 2023 Singapore money laundering case, including key players like Su Binghai, Wang Shuiming, or Su Weiyi, as they have not made any official statements via social media or public platforms. All references to these individuals are found in legal documents or government reports.
Did you know? The scale of assets recovered from Su Binghai compares to the 1MDB scandal. This illustrates the consistent global challenge of addressing fraud and laundering interlinked through international channels.
For more on the legislative framework, refer to the UK legislation overview for the 2002 Act 29 which governs asset seizures in cases like these.
The Coincu research team indicates that the financial and regulatory impacts might remain contained primarily to fiat transactions. No direct cryptocurrency market dislocations have been observed, affirming the focus on non-digital assets in this case.
