Prince Group's Chen Zhi Arrested in Cambodia, Sent Back to China for Investigation

BlockBeats News, January 7th, according to the Beijing Daily report, Chen Zhi, founder and chairman of Prince Group, was arrested in Cambodia and has been extradited to China for investigation by relevant authorities.

The founder of the Cambodia-based telecom fraud group "Prince Group," Chen Zhi, was born on December 16, 1987, in Lianjiang County, Fuzhou City, Fujian Province, China. He dropped out of junior high school in his early years and had worked in the internet industry in China. In 2011, he went to Cambodia to invest in real estate. In 2014, he obtained Cambodian citizenship through investment immigration (later renounced Chinese nationality). In 2015, he founded Prince Holding Group, implicated in operating a large-scale transnational fraud syndicate. In mid-October 2025, the United States and the United Kingdom announced charges against Chen Zhi and seized his approximately $15 billion worth of Bitcoin.