BlockBeats News, January 7th. After the founder of Prince Group in Cambodia, Chen Zhi, was arrested, its "legitimate" business units such as Prince Bank and Prince Real Estate are still operating as usual, with business outlets visible on the streets of Phnom Penh. However, after the United States, Singapore, and other countries successively filed lawsuits against Prince Group and Chen Zhi and froze their assets, the operation of these businesses also encountered challenges.
In October 2025, the U.S. Department of Justice froze 127,000 bitcoins of Prince Group, valued at approximately $15 billion at the time. The U.S. Department of Justice stated that Prince Group's campus had 5,000 to 10,000 employees, with over 700,000 registered fraudulent accounts. During the same period, the Singapore government froze a large amount of the Chen Zhi family's assets, including luxury cars such as Bentley and Rolls-Royce, high-value real estate, and bank accounts, totaling 150 million Singapore dollars (approximately 800 million yuan).
