Singapore freezes over 800 million yuan in assets of Cambodian telecom fraud group leader Chen Zhiyu

The Singapore police have launched law enforcement actions against Chen Zhi, the leader of the Cambodian Prince Group, and his accomplices, freezing assets worth over 150 million Singapore dollars (approximately 800 million RMB), including 6 properties, bank accounts, securities accounts, cash, a yacht, 11 cars, and multiple bottles of alcohol.

Previously, the United States and the United Kingdom announced in mid-October the prosecution of Chen Zhi and the confiscation of approximately 15 billion dollars worth of Bitcoin held by him. It is reported that Chen Zhi and his accomplices are currently not in Singapore.