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Extradited Billionaire Chen Zhi Faces Global Fraud Charges

1/7/2026

Summary

Story summary

Cambodia extradited billionaire Chen Zhi to China after his arrest for allegedly masterminding a cryptocurrency scam that exploited trafficked workers.
The United States accused Chen Zhi of running operations that defrauded victims globally, with about $14 billion in bitcoin seized.
Chen Zhi's Cambodian citizenship was revoked in December 2025.
Prince Group, Chen Zhi's conglomerate, faces scrutiny over forced labor scams and reports that thousands were trafficked across Southeast Asia.

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Story summary

Cambodia extradited billionaire Chen Zhi to China after his arrest for allegedly masterminding a cryptocurrency scam that exploited trafficked workers.
The United States accused Chen Zhi of running operations that defrauded victims globally, with about $14 billion in bitcoin seized.
Chen Zhi's Cambodian citizenship was revoked in December 2025.
Prince Group, Chen Zhi's conglomerate, faces scrutiny over forced labor scams and reports that thousands were trafficked across Southeast Asia.