Chen Zhi's Return to China Under Escort Scene Exposed
BlockBeats News, January 8th, the Prince Group's Chen Zhi was escorted back to China, and the scene was exposed. On January 7th, the Chinese Ministry of Public Security sent a task force to successfully escort the leader of a major cross-border gambling fraud group, Chen Zhi (Chinese national), back to China from Phnom Penh, Cambodia.
Investigation shows that Chen Zhi's criminal group is suspected of operating casinos, fraud, illegal business operations, concealing and disguising proceeds of crime, and other crimes. Currently, Chen Zhi has been taken coercive measures in accordance with the law, and relevant cases are under further investigation. A relevant person in charge of the Chinese Ministry of Public Security stated that the police will soon publicly issue a wanted order for the first batch of core members of Chen Zhi's criminal group and resolutely arrest fugitives.
The founder of the Cambodian 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 after completing junior secondary education and had previously worked in internet-related fields in China. In 2011, he went to Cambodia to invest in real estate. In 2014, he obtained Cambodian citizenship through investment immigration (later renouncing Chinese nationality) and in 2015 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 indictments against Chen Zhi and seized approximately $15 billion worth of Bitcoin held by him.
You may also like

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.

Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.

Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?

Understanding x402 and MPP in One Article: The Two Paths of Agent Payments

Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?

It's not just the prediction market that profits from the Iraq War

The "bank card" of AI has caught the attention of the giants

Morning News | U.S. SEC approves tokenized trading on Nasdaq; Animoca Brands announces investment in AVAX tokens; Algorand Foundation completes strategic integration

$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev

Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…

Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…

“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…

Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…

DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…