Cambodia extradites suspected crypto scam boss to China – DW – 01/08/2026

Chinese authorities on Thursday confirmed that Cambodia had extradited a tycoon accused of running a massive online scam operation.

Chinese-born Chen Zhi is chairman of Prince Holding Group, one of Cambodia’s largest conglomerates that the US says has served as a front for “one of Asia’s largest transnational criminal organizations.”

The US had indicted and sanctioned him in October on fraud and money-laundering charges over running a multibillion-dollar cyberscam network from Cambodia.

Cambodia said on Wednesday it arrested him and two other Chinese nationals and extradited them to China. 

A motorist rides past a branch of the Prince Bank in Phnom Penh on January 8, 2026
Prince Bank, a subsidiary of Chen’s Prince Group, was ordered liquidated on January 8, Cambodia’s central bank saidImage: AFP/Getty Images

What…

Source link