According to Caixin, following the US and UK's announcement in mid-October of charges against Prince Group's leader, Chen Zhi, and the seizure of approximately US$15 billion worth of Bitcoin, Singapore police announced today that they have launched an enforcement operation against Chen Zhi and his associates, seizing assets worth over S$150 million (approximately RMB 800 million). During the operation, Singapore police issued restraining orders for a total of six properties and various financial assets under Chen Zhi and his associates' names, including bank accounts, securities accounts, and cash. Singapore police stated that Chen Zhi and his associates are currently not in Singapore, and the investigation is ongoing.