Cambodia Extradites Billionaire Chen Zhi to China Following Major 2026 Crypto Fraud Probe
Cambodia extradited billionaire Chen Zhi, founder of Prince Group, to China on Jan 6, 2026. Chen faces charges for crypto fraud and money laundering in a massive cross-border probe.
A multi-billion dollar empire spanning 30 countries has come under intense scrutiny. Cambodia has officially extradited Chen Zhi, the billionaire founder of Prince Group, to China on January 6, 2026. Accused of leading a transnational crime network, Chen faces grave charges including cryptocurrency fraud, money laundering, and human trafficking.
The Global Reach of Chen Zhi Cambodia Extradition 2026
The arrest followed months of joint investigation between Cambodian and Chinese law enforcement agencies. According to reports from the Cambodia China Times, Chen was among three Chinese nationals transferred on Tuesday. Beyond Asian borders, the US has also charged Chen with wire fraud conspiracy, highlighting the international scale of his alleged crimes.
From Naturalized Elite to Stripped Nationality
Born in Fujian in 1987, Chen became a naturalized Cambodian citizen in 2014. As the chairman of Prince Group since 2015, he oversaw vast operations in real estate and financial services. However, his legal shield dissolved in December 2025 when he was officially stripped of his Cambodian nationality, clearing the path for his extradition.
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