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.
The defendant had held 2,500 BTC and 2,500 Bitcoin Cash (BCH) in specialised wallets. The claimants alleged that for technical reasons, their internal ledger failed to record their transfers out of the defendant's wallets in March 2020, leaving them empty, even though support for the wallets ceased in 2018. Acting on this mistaken belief, the claimants transferred 2,500 BTC and 2,500 Bitcoin BCH into the defendant's other wallets in July 2024 — digital assets that the claimants say are theirs.
The defendant then converted 20 BTC into approximately 816,773 USD Coin (USDC), and transferred that and 780 BTC into other wallets not hosted by the claimants between July and November 2024.
The claimants discovered in January 2025 that the balances in their internal ledgers for the defendant's specialised wallets were incorrect, and that the earlier transfers were made by mistake. The claimants then froze the defendant's wallets and recovered the remaining 1,700 BTC and 2,500 BCH.
The Judges found that there was sufficient evidence to show that the balances in the defendant's specialised wallets were in effect zero, and that the claimants had credited 2,500 BTC and 2,500 BCH into the defendant's wallets because of their mistaken belief about the remaining balances. It was also arguable that the defendant knew of the claimants' mistake in July 2024 when the claimants discovered their mistake and contacted the defendant.
For the full judgment, visit [2026] SGHC(I) 4.
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SICC Grants Freezing of Crypto Assets Worth S$75 Million in Transfers Dispute
Independent employee feedback highlights a trusted and collaborative culture across the United Kingdom, Singapore, Indonesia and South Africa.
SINGAPORE, Aug. 19, 2026 /PRNewswire/ -- For a growing international consultancy, maintaining a consistent employee experience becomes increasingly challenging as organisations expand across countries, time zones and cultures.
Lancia Consult's approach has always been based on the belief that exceptional client outcomes begin with exceptional people. Creating that culture has therefore been central to the way the business has grown across four countries.
The latest Great Place To Work® Trust Index™ Survey provided an opportunity to independently assess whether employees experience that culture consistently across the business.
In this year's survey, 99% of employees said Lancia Consult is a great place to work, compared with 49% of employees at a typical workplace, providing strong independent validation of the culture the business has worked to build.
Great Place To Work® Certification™ is based entirely on confidential employee feedback. Employees across all four countries highlighted supportive colleagues, approachable leaders, strong teamwork and an environment where people feel trusted to do their best work.
This level of consistency matters. It reflects a shared culture across the business that underpins the way Lancia Consult works and helps deliver consistently high-quality outcomes for clients.
"The most rewarding part of this recognition is hearing such consistent feedback from colleagues across four different countries," said Isabella Jeng, Chief People Officer and Co-Founder of Lancia Consult.
"Culture isn't something leadership creates on its own. It's built every day through the relationships people develop, how teams support one another, and our willingness to keep listening, learning and improving. That's something we'll continue to invest in as Lancia grows."
About Lancia Consult
Lancia Consult is a global business and technology consultancy that helps organisations solve complex business challenges through strategy, transformation and technology consulting. Working across the United Kingdom, Singapore, Indonesia and South Africa, Lancia Consult partners with clients to deliver meaningful, lasting change by combining deep expertise with a collaborative, people-centred approach.
Website: www.lanciaconsult.com
Careers at Lancia
We believe great consulting starts with great people.
Lancia Consult is always looking for talented people who are curious, collaborative and passionate about solving complex challenges while continuing to develop their careers.
Careers: www.lanciaconsult.com/careers
About Great Place to Work®
Great Place To Work® is the global authority on workplace culture and employee experience. For more than three decades, it has helped organisations in over 120 countries build high‑trust, high‑performance workplaces through its proprietary Trust Index™ methodology and certification programs. Its research and insights inform leadership decisions, shape employer brands and provide independent, data‑driven validation of workplace culture for employees, clients and investors.
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Lancia Consult Achieves Great Place To Work® Certification™ Across Four Countries
