Cambodia Extradites Crypto Scam Billionaire Chen Zhi to China | $15B Fraud Case
Edited By WION Video Desk
Published: Jan 09, 2026, 09:36 IST | Updated: Jan 09, 2026, 09:36 IST
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Cambodia has extradited billionaire Chen Zhi to China after his arrest for allegedly masterminding a massive cryptocurrency scam. Chen Zhi, 37, was accused of defrauding victims worldwide, luring trafficked workers into forced labor camps, and running illicit casinos.
The US had charged him last October, claiming his scams stole billions in cryptocurrency, while the UK sanctioned his Prince Group empire. Cambodian authorities also suspended Prince Bank, a Prince Group subsidiary, though customers can still access their funds.
China’s state media confirmed Chen Zhi is now under coercive measures, with authorities warning other syndicate members to surrender.
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