Zhang Rongxuan, a former Singaporean naval special diver, has been sentenced to 6 years and 10 months in prison for secretly photographing a friend's cold wallet seed phrase and stealing approximately 1.7 million USDT. According to local reports, Zhang Rongxuan obtained an apartment access card at a social gathering, then broke into the apartment while the victim was away and photographed the cold wallet seed phrase. The stolen funds were subsequently used to purchase luxury watches, gamble, and repay housing loans. Zhang Rongxuan admitted to multiple charges, including computer misuse and money laundering, and the court reportedly determined that sufficient compensation to the victim had not been made.
