Crypto
$2.37B Money Laundering Case Assets Hit Auction Block in Singapore
Singapore's authorities have opened online bidding for the first 624 luxury items seized in a $2.37 billion money laundering case.
The auctions, run by Hotlotz, will feature handbags and accessories from brands like Louis Vuitton, Chanel, and Dior, as well as jewelry pieces including a 15-carat yellow diamond ring estimated at S$200,000 to S$300,000.
According to court records and police findings, some individuals linked to the case used USDT transactions and proceeds from illegal gambling websites to launder money through Singapore.