Singapore Police Seize Assets Linked to Massive Cryptocurrency Fraud

 

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The police on Thursday (Oct 30, 2025) seized and issued prohibition of disposal orders against financial assets worth over S$150 million (US$ 115 million), as part of forgery and money laundering investigations into Cambodia's Prince Holding Group. The assets include six properties, bank accounts, securities accounts and cash.[1]

"Other assets, including a yacht, 11 cars and multiple bottles of liquor were also subjected to prohibition of disposal orders," the Singapore Police Force (SPF) said in a media release on Friday. The police said they conducted an enforcement operation at multiple locations against Chen and his associates on Thursday, adding that they are currently not in Singapore. Chen Zhi, 38, was recently charged in the United States for allegedly masterminding a massive cryptocurrency scam that involved forced labor camps in Cambodia.[2] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

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References:

1. "Singapore police seize over S$150 million in assets as part of money laundering probe into Cambodia's Prince Group", www.channelnewsasia.com, Diakses pada tanggal 1 November 2025, Link: https://www.channelnewsasia.com/singapore/prince-holding-group-chen-zhi-money-laundering-probe-singapore-police-5437136

2. Ibid.