A Singapore court sentenced a former military officer to six years and ten months in prison for stealing 2.3 million Singapore dollars in cryptocurrency.

Techub News, according to Channel News Asia, a former captain of the Singapore Armed Forces was recently sentenced to six years and ten months in prison by a Singapore court. In December 2022, he broke into an acquaintance's apartment and stole cryptocurrencies worth approximately S$2.3 million (US$1.8 million). The former officer and the victim had co-founded an NFT trading platform. He took the opportunity while watching a match to steal the access card, later broke into the apartment and stole a piece of paper recording the mnemonic phrase, transferring 1.7 million USDT, which he used to purchase luxury watches and for gambling. The court found him guilty of burglary and money laundering.