Prince Group chairman Chen Zhi arrested in Cambodia

Chen Zhi, chairman of Prince Group and the alleged mastermind of a "pig butchering" crypto scam, has been arrested in Cambodia and repatriated to China, according to local media. He is accused of operating multiple forced labor scam compounds and stealing billions of dollars in cryptocurrency. Previously, U.S. authorities seized 127,271 BTC, valued at approximately $15 billion, linked to Chen. The U.S. and UK governments have designated Prince Group as a transnational criminal organization, with international bodies noting the group's systematic operation of forced labor-based crypto scams across Southeast Asia.