The scammer Chen Zhi was arrested in Cambodia and extradited to China

2026-01-07 14:33:50

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According to reporters from the Guangxi International Media Center (Cambodia) and the Cambodia–China Times, Mr. Chen Zhi, founder and chairman of Prince Group, was detained in Cambodia and extradited to China to assist with investigations by relevant authorities. This arrest marks a significant development in an internationally attention-grabbing case due to its large scale and cross-border nature.

Earlier, in October 2025, the U.S. Department of Justice announced the successful seizure of approximately 127,271 bitcoins related to Mr. Chen Zhi. At the time of seizure, this digital asset was valued at around $15 billion, making it one of the largest cryptocurrency seizures in history. Authorities stated that this was part of a global effort to combat financial crimes related to cryptocurrencies.

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