Chen Zhi’s Crypto Assets Frozen: Impact on Global Markets

A significant development in the crypto industry has unfolded with the freezing of $150 million belonging to Chen Zhi, chairman of Cambodia’s Prince Holding Group. This action follows allegations of crypto laundering, involving a suspected $14.4 billion Bitcoin investigation across Singapore, the US, and the UK. 🔒 The freeze serves as a landmark enforcement effort in Southeast Asia, targeting over $15 billion in cryptocurrency and assets globally. 🌎