PANews reported on October 31 that, according to Caixin, Chen Zhi (head of the Prince Group in Cambodia) and his accomplices were arrested by Singapore police on October 30 for allegedly operating a transnational telecom fraud syndicate. The police froze assets totaling over S$ 150 million (approximately RMB 800 million), including six properties, bank and securities accounts, cash, a yacht, 11 cars, and multiple bottles of alcohol. Previously, the US Department of Justice had seized approximately US$ 15 billion worth of Bitcoin held by him. Chen Zhi and his accomplices are currently not in Singapore.PANews reported on October 31 that, according to Caixin, Chen Zhi (head of the Prince Group in Cambodia) and his accomplices were arrested by Singapore police on October 30 for allegedly operating a transnational telecom fraud syndicate. The police froze assets totaling over S$ 150 million (approximately RMB 800 million), including six properties, bank and securities accounts, cash, a yacht, 11 cars, and multiple bottles of alcohol. Previously, the US Department of Justice had seized approximately US$ 15 billion worth of Bitcoin held by him. Chen Zhi and his accomplices are currently not in Singapore.
Singapore police freeze S$150 million in assets belonging to Chen Zhichao.
2025/10/31 20:33
PANews reported on October 31 that, according to Caixin, Chen Zhi (head of the Prince Group in Cambodia) and his accomplices were arrested by Singapore police on October 30 for allegedly operating a transnational telecom fraud syndicate. The police froze assets totaling over S$ 150 million (approximately RMB 800 million), including six properties, bank and securities accounts, cash, a yacht, 11 cars, and multiple bottles of alcohol. Previously, the US Department of Justice had seized approximately US$ 15 billion worth of Bitcoin held by him. Chen Zhi and his accomplices are currently not in Singapore.
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