Prince Holding Group, January 09: Chair Extradited; 2T Yen Crypto Seizure
On January 9, the Prince Holding Group case intensified after Cambodia revoked founder Chen Zhi’s citizenship and extradited him to China following a joint fraud probe and earlier U.S. sanctions. Authorities also moved to seize about ¥2 trillion in crypto assets linked to the network. For Japan, this raises near term anti money laundering and compliance risks across crypto rails, payments, and regional banking ties. We explain what is confirmed, how it may affect flows into Japan, and what investors should monitor today.
Event and market relevance for Japan
Cambodia stripped Chen Zhi of citizenship and transferred him to China after a joint investigation into a large online fraud network. Authorities began moves to seize around ¥2…
