Vua Thủy Minh Hắc Sơn bị bắt giật ra vụ rửa tiền lớn nhất trong lịch sử Singapore, tài sản mã hóa trên tài khoản vượt quá 110,000 đô la Mỹ

Singapore’s most serious money laundering case in history continues to unfold. The main suspect, Wang Shuiming, has been apprehended in Montenegro and will face extradition back to Singapore. According to the latest investigation by Singapore police, this seemingly independent criminal gang actually forms a complete transnational “industry chain,” from illegal gambling scams in Southeast Asia, to money laundering through cryptocurrencies, and then investing in high-end overseas assets, with each link carefully designed.

Wang Shuiming’s partner Su Weiyi: From Hong Kong crypto platform scam to international pursuit

Wang Shuiming’s core partner, Su Weiyi, has a complex identity. He is confirmed to be the mastermind behind the Hong Kong cryptocurrency trading platform Atom Asset Exchange. At the end of 2022, this platform suddenly faced withdrawal difficulties and eventually shut down. During this process, Su Weiyi transferred 16.74 million HKD (about 15.675 million RMB) before fleeing. It wasn’t until mid-2024 that Su Weiyi was arrested by Hong Kong police.

What is even more notable is that Su Weiyi and other partners jointly operated multiple companies, all of which are linked to the convicted Filipino-Chinese former mayor Guo Huaping. This indicates that the criminal network is not only large-scale but also involves complex interests across multiple countries.

Large-scale Singapore raid: uncovering a 3 billion SGD money laundering case

On August 15, 2023, Singapore police deployed over 400 officers to carry out an unprecedented large-scale raid. During this operation, they dismantled the “Fujian gang” criminal group based in Singapore and arrested 10 suspects on the spot. These individuals, aged between 31 and 44, are all from Fujian and hold multiple passports, with sophisticated cover identities.

Investigations revealed that this criminal group operated systematically: they forged various documents, registered shell companies, used cryptocurrencies for fund transfers, and employed multiple methods to “bleach” illegal gambling and scam proceeds from Southeast Asia. They then invested in luxury homes, cars, and other high-end assets in Singapore and overseas, ultimately legitimizing the illicit money.

Wang Shuiming’s asset empire: a wealth network spanning multiple countries

According to in-depth investigations by Singapore police, Wang Shuiming’s wealth outside Singapore is equally astonishing. In China, his business investments amount to 32 million RMB, and he owns a factory worth several million RMB. In Xiamen, Wang Shuiming owns two apartments valued at about 20 million RMB.

In Hong Kong, Wang Shuiming has a bank account with HKD 2 million in cash. More notably, he also holds cryptocurrencies worth $110,000. The existence of this crypto asset fully reflects the group’s reliance on digital assets—cryptocurrencies, with their strong cross-border liquidity and difficult traceability, have become an important tool for international money laundering.

Multinational cooperation in combating cross-border crime: lessons learned

This case demonstrates the international cooperation among law enforcement agencies in Singapore, Hong Kong, and China. From the initial investigation into the platform’s collapse, to tracking the transnational criminal network, and finally to apprehending the core suspects, every step reflects the determination of law enforcement to cooperate across borders. The arrest of Wang Shuiming and others also sends a clear signal to international criminal groups: no matter where profits are made in the world, they ultimately cannot escape legal sanctions.