Singapore Court Sentences Zhang Xinghua to Two Years Over $6.9 Million SafeX Crypto Theft
Singapore prosecutors said Zhang Xinghua was sentenced over a SafeX theft tied to unauthorized vault transfers, with part of the funds routed through Tornado Cash and most of the stolen amount still unrecovered.
Fact Check
The statement is entirely accurate. Multiple sources, including The Straits Times and Decrypt, confirm that Zhang Xinghua was sentenced to two years in prison by a Singapore court on March 11, 2026. The theft involved $6.9 million from SafeX, unauthorized vault transfers, and money laundering via Tornado Cash, with approximately $4.8 million still unrecovered.
Summary
A Singapore court sentenced Chinese citizen Zhang Xinghua to two years in prison for conspiracy and handling proceeds linked to the $6.9 million theft from crypto exchange SafeX. Prosecutors said the stolen funds were moved from the exchange’s vault and partly laundered through Tornado Cash between June and August 2025. Authorities froze or seized about $2.1 million, while roughly $4.8 million remains unrecovered.
Terms & Concepts
- Tornado Cash: A crypto mixing service used to obscure the origin and destination of blockchain transactions, making fund movements more difficult to trace.