Chen Zhi, the founder and chairman of Prince Group, has been arrested in Cambodia and repatriated to China for investigation by Chinese authorities. This development follows the U.S. Department of Justice's announcement in October 2025 of the seizure of approximately 127,271 bitcoins from Chen, valued at about $15 billion at the time.
The arrest and repatriation mark a significant turn in the ongoing legal proceedings involving Chen, who has been under scrutiny for his cryptocurrency holdings. The case highlights the international cooperation in addressing financial crimes related to digital assets.
Prince Group Chairman Chen Zhi Arrested and Repatriated to China
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