Singapore authorities have frozen $150 million in assets associated with Chen Zhi as part of a $14.4 billion Bitcoin fraud investigation. This action is part of broader international enforcement efforts targeting an alleged criminal network. The investigation aims to dismantle operations linked to significant financial misconduct involving cryptocurrency. The freezing of assets underscores the seriousness of the allegations and the global response to such fraudulent activities. Authorities continue to collaborate with international partners to address the complexities of cryptocurrency-related crimes.
