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Tokenize Xchange operator under probe; director charged
The Straits Times
|August 02, 2025
The Singapore police are investigating the company operating cryptocurrency trading platform Tokenize Xchange, and the firm's director has been charged in court with fraudulent trading.
In a joint statement on Aug 1, the Monetary Authority of Singapore (MAS) and the Singapore Police Force's Commercial Affairs Department (CAD) said Amazing Tech - the operator of cryptocurrency platform Tokenize Xchange — along with its related entities, is under investigation for potential offences, including fraudulent trading under the Insolvency, Restructuring and Dissolution Act 2018.
The authorities also said that Hong Qi Yu, a director of Amazing Tech and the founder and chief executive of Tokenize Xchange, was charged in court on July 31 with fraudulent trading under the same Act.
The offence carries a maximum penalty of seven years' imprisonment, a fine, or both.
Cette histoire est tirée de l'édition August 02, 2025 de The Straits Times.
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