SINGAPORE – A man was handed a jail sentence on March 10 after he acquired cryptocurrency worth US$772,500 – nearly S$990,000, according to court documents – for helping three foreign hackers who were members of a crime syndicate.
Sun Jiao, 43, was sentenced to two years and eight months’ jail after pleading guilty to 10 charges, including multiple counts of misusing a computer system and one count of dealing with the benefits of criminal conduct.
He had also operated a gambling website that targeted South Koreans and illegally gained access to customer accounts on a South Korea-based portal.
In September 2024, Sun and the three hackers were part of a group of men
who were arrested
after Singapore authorities conducted simultaneous raids at multiple locations islandwide.
Sun, a Chinese national who is also a permanent resident of Greece, had helped the hackers when they encountered technical issues they could not resolve.
The three hackers, who are also Chinese nationals, were earlier engaged by Vanuatu citizen Xu Liangbiao, 38, who had left Singapore a day before local authorities arrested other offenders involved in a
$3 billion money laundering case
.
