The International Commercial Court of Singapore orders the freezing of approximately $58.5 million in crypto assets
2026-08-19 18:42:14
According to CoinMeta, the International Commercial Court of Singapore ordered the freezing of approximately S$75 million (about $58.5 million) in crypto assets due to a transfer dispute, including 780 Bitcoins and 816,773 USDC. The case involved the operator of a large cryptocurrency trading platform and a long-term customer. The plaintiff claimed that the platform mistakenly transferred 2,500 Bitcoins and 2,500 Bitcoin cash to the defendant's wallet due to an internal ledger technology error. Subsequently, the defendant converted some of the assets and transferred them to a wallet not managed by the platform. The court ordered the defendant to disclose the whereabouts of these assets.
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Source:Internet
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