Six Malaysian men were sentenced over a S$4.9 million crypto and poker heist in Singapore.
The two ringleaders each received 12 years and 11 months in prison plus 24 strokes of the cane.
Police have recovered about S$1.69 million in cryptocurrency, while the remaining stolen assets are still missing.
The High Court of Singapore has sentenced six Malaysian men for their involvement in a S$4.9 million armed robbery that targeted cryptocurrency, cash, and luxury items during a high-stakes poker gathering.
According to court documents cited by Lianhe Zaobao, the robbery took place in Bukit Timah in 2024. The two alleged ringleaders were each sentenced to 12 years and 11 months in prison and received 24 strokes of the cane, while the remaining defendants were also convicted for their roles in the crime.
The case is one of Singapore’s largest crypto-related robbery prosecutions.
Victims Forced to Transfer Crypto
Investigators said the group targeted a luxury residence after learning that high-stakes poker games were regularly held there and that players frequently settled bets using cryptocurrency.
Armed with weapons, the robbers allegedly forced victims to transfer digital assets to wallets under their control before stealing cash and luxury goods. The total value of the stolen assets was estimated at approximately S$4.906 million.
Police have since recovered cryptocurrency worth around S$1.69 million, but the majority of the stolen funds and property remain unaccounted for.
Six Malaysians Sentenced in Singapore Over S$4.9M Crypto & Poker Heist
According to Lianhe Zaobao, six Malaysian men were convicted and sentenced in the High Court of Singapore on September 14 for their roles in an armed robbery that occurred in Bukit Timah in 2024, with the two… pic.twitter.com/ZqjOV8F5TT
— Wu Blockchain (@WuBlockchain) September 16, 2026
Crypto Crime Remains a Law Enforcement Focus
The latest Singapore crypto heist case highlights the growing risks associated with criminals targeting digital assets.
As cryptocurrency adoption expands, law enforcement agencies are continuing to strengthen investigations into crypto-related crimes, including theft, fraud, and money laundering. The case also serves as a reminder of the importance of security measures when handling large digital asset transactions.