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Singapore authorities have frozen assets worth over 1.5 billion SGD (approximately 8 billion RMB) belonging to Chen Zhi, head of Cambodia's Prince Group, following allegations of operating a transnational telecom fraud network. The action, conducted on October 30, includes the seizure of six properties, bank and securities accounts, cash, a yacht, and 11 vehicles.This development follows the U.S. Department of Justice's seizure of approximately $15 billion in Bitcoin from Chen, who is accused of being a central figure in a global telecom fraud syndicate. The U.S. and UK have jointly filed charges against him, intensifying international legal actions.

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