Singapore Court Freezes US$58 Million in Bitcoin Amid Exchange Dispute

A Singapore court has frozen approximately US$58 million in Bitcoin and USDC after a dispute between an unnamed cryptocurrency exchange and its customer.

The case began when the customer received coins that should not have been sent to him due to an outdated record used by the exchange during the transfer.

The judges decided that the customer cannot sell, move, or reduce the value of about 780 BTC and 816,773 USDC. The order also requires him to disclose where the disputed crypto assets are and any amounts derived from them.