BlockBeats reported on July 27 that Chen Zhi, founder of Cambodia’s Prince Group, was formally approved for arrest on July 6, about six months after being escorted back to China from Cambodia. Compared with the allegations disclosed at the time of his repatriation, the charge of concealing and disguising criminal proceeds was removed, while copyright infringement and intentional injury were added.
China’s Ministry of Public Security had previously said that on January 7, 2026, a working team brought Chen, identified as a Chinese national and the head of a major cross-border gambling and telecom fraud crime group, back from Phnom Penh with support from Cambodian authorities. The earlier notice said the group was suspected of running casinos, fraud, illegal business operations, and concealing criminal proceeds, and that coercive measures had already been taken according to law.
The report also said Chen spent years building a global telecom fraud network centered on the “Jinbei Park” area. It added that bitcoin confiscated by the United States alone was worth $15 billion, or about 103.5 billion yuan.
BlockBeats reported on July 27 that Chen Zhi, founder of Cambodia’s Prince Group, was formally approved for arrest on July 6, roughly six months after being escorted back to China.
According to the report, compared with the allegations disclosed when he was repatriated, the count related to concealing and disguising criminal proceeds was removed, while copyright infringement and intentional injury were added.
The report said Chen spent years building a global telecom fraud network centered on “Jinbei Park.” It also said that bitcoin confiscated by the United States alone was worth $15 billion, equivalent to about 103.5 billion yuan.
China’s Ministry of Public Security previously said that on January 7, 2026, with support and coordination from relevant Cambodian authorities, it dispatched a working group to escort Chen, described as a Chinese national and the head of a major cross-border gambling and fraud crime syndicate, back to China from Phnom Penh.
That earlier notice said Chen’s group was suspected of multiple crimes, including running casinos, fraud, illegal business operations, and concealing criminal proceeds. It added that coercive measures had already been taken against him in accordance with the law.
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