News

Singapore Crypto Poker Robbery Results In 11 Victims Losing Millions Of Dollars

Key Points:

  • Cryptocurrency poker players in Singapore were robbed of 3.58 million SGD.
  • Two suspects were arrested in Malaysia for the crime.
  • Cash, cryptocurrency, luxury items, and a car key were stolen.
11 people lost property worth NT$4.34m in a Singapore crypto poker robbery, including $3.58m SGD in cryptocurrency. Two suspects have been extradited from Malaysia.
Source: Local News

Singapore recently witnessed a notable robbery targeting cryptocurrency poker players. Eleven people fell victim to the crime, with one person being deprived of cryptocurrency valued at approximately 3.58 million Singapore dollars.

Details of the Singapore Crypto Poker Robbery Incident

Authorities have apprehended several suspects in Malaysia. The robbers allegedly grouped together to rob a private residence in the Bukit Timah district, making away with property worth more than NT$4.34 million.

The Singapore Police Force stated that they received a report of the armed robbery on April 18. The victims, aged between 25 and 45, collectively lost property estimated at NT$4.34 million.

The police are now working closely with their Malaysian counterparts to locate the other suspects. It’s believed that the victims knew each other and were gathered for a party when the incident occurred.

Some of them are professional poker players, and it’s possible they were engaged in a game at the time of the robbery.

Readmore: April Is The Worst Month For Bitcoin Amid ETF Outflows: Report

Stolen Properties and Defendants’ Videoconference Interview Details

Following investigations, the authorities confirmed that the perpetrators had fled to Malaysia shortly after the crime. With the issuance of an arrest warrant, two of the men involved were arrested in Malaysia and extradited to Singapore. They were each charged with one count of armed robbery.

Among the stolen property were cash, cryptocurrency, a Richard Mille watch, two Rolex watches, and a Ferrari car key.

The two defendants, Goh Wen Tong and Mohammad Taufik, were interviewed via videoconference. The case will resume next Thursday. Even as criminals involved in local cases may escape abroad, the Singapore police are committed to ensuring justice is served.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Kraken May Drop USDT Due To Upcoming EU Rules: Report

Kraken may drop USDT in the EU due to upcoming MiCA regulations. Other exchanges adapt,…

5 hours ago

Rumor: zkSync Airdrop Imminent With Hint Of Token Launch

Rumor has it that zkSync, an Ethereum scaling solution, may drop a governance token soon.…

8 hours ago

Oklahoma Crypto Bill Passed, No Extra Taxes On Transactions Imposed

Oklahoma crypto bill OKHB3594 safeguards residents' rights to use and self-custody digital assets, legalizes home…

8 hours ago

Solana Tops CoinGecko’s TPS Rankings As The Fastest Blockchain: Report

Solana tops CoinGecko, boasting highest daily transactions per second (TPS). It outperforms Ethereum and Polygon,…

9 hours ago

Bitcoin’s Correlation With Technology Stocks Is Growing With Confidence About Interest Rates

Bitcoin's correlation with mainstream assets, like tech stocks, is on the rise, fueled by optimism…

11 hours ago

Binance Executive Now Stuck In Nigeria Because Court Denied Bail

The Federal High Court in Abuja has denied bail to Tigran Gambaryan, a senior Binance…

11 hours ago

This website uses cookies.