Informed sources: Bitdeer spends S$40 million to acquire Singapore's highest security vault Le Freeport

According to Bloomberg, citing people familiar with the matter, Jihan Wu’s company Bitdeer spent S$40 million (approximately US$28.4 million) to acquire Le Freeport, Singapore’s highest-security vault. Wu Jihan himself has confirmed the transaction, according to accounting regulator records. Show that the acquisition occurred in July. Le Freeport cost a whopping S$100 million (nearly US$71 million) to build and opened in 2010. People familiar with the matter said that about 3/4 of the acquisition money went to creditors including DBS Group, while Yves Bouvier and other shareholders who once held 70% of Le Freeport received about 5 million Singapore dollars after repaying debts and paying costs. (nearly $3.55 million).