Essayer OR - Gratuit
Investors seek judicial management of Tokenize Xchange operator
The Straits Times
|August 07, 2025
Seven cryptocurrency investors have applied to the High Court to place AmazingTech – the operator of embattled cryptocurrency platform Tokenize Xchange – under interim judicial management to protect their investments.
If their court application on Aug 5 is successful, the High Court can appoint professional managers to take over the day-to-day running of the company and audit its assets.
The Straits Times understands the seven customers have not been able to withdraw their deposits amounting to more than $4 million that are held by Tokenize Xchange.
Trading of cryptocurrencies on the platform remains suspended.
The High Court move by the seven investors comes as AmazingTech and its related entities are under investigation by the police for potential offences of fraudulent trading under the Insolvency, Restructuring and Dissolution Act.
Hong Qi Yu, a director of AmazingTech, and the founder and chief executive of Tokenize Xchange, was charged in court on July 31 over fraudulent trading under the same Act.
Cette histoire est tirée de l'édition August 07, 2025 de The Straits Times.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Straits Times
The Straits Times
5 free (or almost free) non-negotiable habits for a longer and healthier life
I used to think statins were for ‘old people.’ Then my cholesterol hit 271 — and reality hit even harder.
8 mins
November 04, 2025
The Straits Times
Depressed youth set fire to pop-up booths at VivoCity and HarbourFront Centre
Several pop-up booths at VivoCity and HarbourFront malls went up in flames after a depressed teenager set their merchandise and equipment ablaze, causing over $27,000 in damage.
2 mins
November 04, 2025
The Straits Times
S’pore charity to focus on long-term recovery and rebuilding in Gaza
Singapore charity Rahmatan Lil Alamin Foundation (RLAF) is focusing on long-term recovery and rebuilding efforts in Gaza, with new projects aimed at supporting healthcare and education.
2 mins
November 04, 2025
The Straits Times
Malaysian rapper Namewee faces drug charges after October arrest
Malaysian rapper Namewee has been charged with two drug-related offences following his arrest in October.
1 mins
November 04, 2025
The Straits Times
Anti-terror drills boost community bonds, more should join: Sim Ann
Over 80 Exercise Heartbeat participants respond to 'terror attack' in Clarke Quay
3 mins
November 04, 2025
The Straits Times
Layoffs. Stronger measures needed to deter errant employers
I am concerned by the sudden closure of Twelve Cupcakes, executed without sufficient notice to its employees, and which has affected their livelihood and mental well-being.
1 min
November 04, 2025
The Straits Times
Trump's revival of idea of US-China G-2 raises eyebrows
News analysis
5 mins
November 04, 2025
The Straits Times
Man charged with 10 counts of attempted murder after knife attack on British train
British prosecutors on Nov 3 charged a 32-year-old man with 10 counts of attempted murder following a mass stabbing on a London-bound train that left multiple passengers injured on Nov 1, including a train worker critically wounded but now stable.
1 mins
November 04, 2025
The Straits Times
Vivian Balakrishnan on working visit to Middle East
Foreign Minister Vivian Balakrishnan will visit the Palestinian Territories and Israel from Nov 3 to 6.
2 mins
November 04, 2025
The Straits Times
20 years' jail for man who raped step-granddaughter
69-year-old sexually assaulted the victim at home when she was nine to 10 years old
2 mins
November 04, 2025
Listen
Translate
Change font size