Singapore Freezes Over $150 Million in Assets Linked to Chen Zhi in $14.4 Billion Bitcoin Case

Singapore authorities froze more than $150 million in assets tied to Chen Zhi, chairman of Cambodia's Prince Holding Group, on October 30. U.S. prosecutors allege his network operated large-scale cryptocurrency fraud schemes, laundering proceeds through shell companies and converting funds to Bitcoin. Approximately $14.4 billion in BTC is now subject to seizure efforts.