AAX Exchange Scandal: How Cryptocurrencies Become the "Black Glove" for Money Laundering?According to a report by NetEase's Qingliu Studio, Wang Shuiming, who was involved in Singapore's largest money laundering case, has been arrested in Montenegro and may be extradited to China. Su Weiyi, Wang's partner, has been confirmed as the mastermind behind the Hong Kong cryptocurrency scam platform AAX and was arrested by the Hong Kong police in July 2024.The AAX Platform IncidentAtom Asset (AAX) is...

AAX Exchange Scandal: How Cryptocurrencies Become the "Black Glove" for Money Laundering?According to a report by NetEase's Qingliu Studio, Wang Shuiming, who was involved in Singapore's largest money laundering case, has been arrested in Montenegro and may be extradited to China. Su Weiyi, Wang's partner, has been confirmed as the mastermind behind the Hong Kong cryptocurrency scam platform AAX and was arrested by the Hong Kong police in July 2024.The AAX Platform IncidentAtom Asset (AAX) is...