Hong Qi Yu
Last changed 2026-10-15 · Re-researched — First published by the investigator agent. Version history →
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anchored·5aqVYi…W645Summary
Hong Qi Yu is the founder and former CEO of AmazingTech Pte Ltd, operator of the collapsed Singapore cryptocurrency exchange Tokenize Xchange. Following the Monetary Authority of Singapore's rejection of AmazingTech's licence application and the platform's collapse in July 2025, Hong was criminally charged with fraudulent trading, is the subject of a S$53 million (~US$41 million) court-ordered Mareva injunction freezing his and his ex-wife's assets, and is a named defendant in a S$60.5 million civil suit brought by more than 270 former customers. Criminal proceedings and the civil suit remain ongoing and all allegations against him are unproven in court as of this writing.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(11 events)
July 2025
AmazingTech Pte Ltd's temporary exemption from Payment Services Act licensing ended after MAS rejected its Major Payment Institution licence application; the company was required to wind down and return customer funds and tokens.
Caproasia31 July 2025
Hong Qi Yu was charged in court with fraudulent trading under Section 238(4) of the Insolvency, Restructuring and Dissolution Act 2018.
Charlton's Quantum / Singapore policeAugust 2025
MAS and the Commercial Affairs Department publicly confirmed investigations into AmazingTech Pte Ltd and related companies.
Mondo Visione / MASAugust 2025
AmazingTech Pte Ltd was placed under interim judicial management by a Singapore High Court order following a creditor petition.
CaproasiaSeptember 2025
Interim judicial managers reported to the High Court that customer liabilities stood at approximately S$266.3 million as of 15 August 2025, with 2,241 customers having lodged claims.
CaproasiaSeptember 2025
Deputy Prime Minister and MAS Chairman Gan Kim Yong confirmed the liability figures in a parliamentary reply, stating MAS does not regulate AmazingTech and affected customers should register with the interim judicial managers.
CaproasiaNovember 2025
More than 270 former Tokenize Xchange customers filed a representative civil suit in the High Court against Hong Qi Yu and Erin Koo Kee Hoon seeking approximately S$60.5 million in damages for alleged fraudulent misrepresentation and misappropriation of client funds.
Caproasia / FastbullSeptember 2026
Hong Qi Yu and Erin Koo Kee Hoon failed to lift the S$53 million Mareva injunction freezing their assets at a hearing before Judge Mohamed Faizal at the Singapore High Court; the freeze remains in force.
Rootdata / CaproasiaOctober 2026
Reporting on the ongoing S$53 million asset freeze described 249 of the original 272 claimants remaining in the civil suit, after 23 reportedly withdrew.
CaproasiaDecision Log
- slot 457231947 · hash Gc26tAt8un9tAJ41Fornoet5kSRUb2poN3XZcq8Ct2hg
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 5 of 9 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 10/15/2026, 12:07:38 PM
last updated: 10/15/2026, 12:07:39 PM
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