Jail for ex-SAF captain who set up a 'heist' to steal S$2.3 million in cryptocurrency from acquaintance

AI Summary

A former SAF captain has been sentenced to jail for orchestrating a heist that resulted in the theft of S$2.3 million worth of cryptocurrency from an acquaintance. This incident emphasizes mounting concerns over security and theft in the cryptocurrency space.

Teo Rong Xuan broke into the victim’s condominium unit and made off with information to access the victim's cryptocurrency wallet.