The Singapore police have seized assets worth over 150 million Singapore dollars from the "BCH Group" led by Chen Zhi.

robot
Abstract generation in progress

On October 31, according to Caixin reports, the Cambodian Taizigroup is suspected of operating a large multinational fraud gang. Following the announcement by the United States and the United Kingdom in mid-October to prosecute the head of the “Taizigroup”, Chen Zhi, and seize his Bitcoin holdings valued at approximately $15 billion, the Singapore police today announced that they have launched law enforcement actions against Chen Zhi and his accomplices of the Cambodian telecom fraud group “Taizigroup”, confiscating assets worth over 150 million Singapore dollars (approximately 800 million RMB). In the law enforcement action, the Singapore police issued disposal prohibitions on a total of 6 properties and various financial assets under Chen Zhi and his accomplices' names, including bank accounts, securities accounts, and cash. The Singapore police stated that Chen Zhi and his accomplices are currently not in Singapore, and the investigation is ongoing.

BTC2.5%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)