In brief
- Chen Zhi, the alleged mastermind of a “pig butchering” crypto fraud ring, was arrested in Cambodia.
- Zhi was indicted by the U.S. Department of Justice in October and charged with wire fraud and money laundering conspiracy.
- His crypto fraud network allegedly stole billions from users globally, with nearly $12 billion in Bitcoin from the operations now held by the U.S. government.
The alleged mastermind of a scam ring that stole billions of dollars’ worth of assets from individuals in the U.S. and across the globe was arrested Tuesday in Cambodia and extradited to China, according to a Wall Street Journal report.
Chen Zhi, a Cambodian national and the founder and chairman of Prince Holding Group, was charged in October with…
