SICC Grants Freezing of Crypto Assets Worth S$75 Million in Transfers Dispute

BitcoinWorld SICC Grants Freezing of Crypto Assets Worth S$75 Million in Transfers Dispute SINGAPORE, Aug.

19, 2026 /PRNewswire/ – The Singapore International Commercial Court (SICC) has ordered a freeze on approximately S$75 million worth of Bitcoin and USD Coin following a dispute between the operator of one of the world’s largest cryptocurrency trading platforms, which consists of claimants and a number of related companies, and a long-standing customer.

In a judgment issued by Judge of the Singapore High Court Justice Aidan Xu and SICC International Judges Justice Anthony Meagher and Justice David Goddard in March 2026, the claimants were granted an interim injunction prohibiting the defendant from dealing with 816,773 USD Coin (USDC) and 780 Bitcoin (BTC) that the defendant had transferred away from two specialised wallets on the platform and the proceeds of those assets.

The judges also ordered the defendant to disclose the whereabouts of the transferred assets, but declined to allow the claimants to use the disclosed information when seeking similar injunctive relief in other jurisdictions.