Singapore Court Freezes $58M in Crypto Assets Amid Transfer Dispute

A Singapore court has frozen approximately S$75 million ($58 million) in Bitcoin and USDC due to a dispute between a major crypto trading platform and one of its long-time customers.

The platform alleged that an internal ledger error led to the transfer of 2,500 BTC and 2,500 BCH to the customer's wallets in July 2024.

The customer later moved 780 BTC off the platform and converted another 20 BTC into about 816,773 USDC.