Authorities have seized over S$150 million in assets linked to Chen Zhi and Cambodia’s Prince Group, accused of running a transnational cryptocurrency fraud operation. This follows reports from the U.S. and UK alleging $15 billion in Bitcoin theft. Singapore police are investigating, with asset freezes placed on six properties and various financial holdings belonging to Chen Zhi and associates. The seizure underscores intensified global enforcement efforts targeting cryptocurrency-related crimes, potentially impacting Bitcoin liquidity and intensifying scrutiny of crypto transactions. This action raises market concerns about volatility and regulatory scrutiny.