**[Three Men Collaborate to Steal Nearly $7 Million in Crypto Assets from SafeX Platform, Mastermind Arrested in Singapore After Money Laundering]** BlockBeats News, March 12: According to The Straits Times, three men conspired to steal over $6.9 million worth of cryptocurrency (approximately 8.8 million Singapore dollars) from the crypto wallets of the virtual asset trading platform SafeX. One of the men, Zhang Xinghua, laundered part of the illicit proceeds using a cryptocurrency mixer. Prosecutors stated that if not for timely police intervention, Zhang Xinghua would have obtained over $886,000 worth of cryptocurrency. On March 11, the 38-year-old Chinese national pleaded guilty to one count of conspiracy to misuse a computer system and one count of handling criminal proceeds, and was sentenced to two years in prison. In February this year, Zhang Xinghua, through his wife, returned 0.890262 Bitcoin (worth over $95,000) to the wallet address provided by the operator of SafeX, DLT Company. As of now, the Singapore Police Force has seized and/or frozen approximately $2.1 million worth of cryptocurrency. Additionally, around $4.8 million worth of cryptocurrency remains unrecovered as it is stored in private wallets and wallets maintained by virtual asset service providers outside Singapore's jurisdiction.