tldr; Chen Zhi, head of the Prince Group, has been arrested in Cambodia and extradited to China for investigation. He is accused of running a scam empire responsible for billions in losses, with operations sanctioned by the US and UK. The Prince Group is linked to money laundering and forced labor scams across Cambodia and Myanmar. Authorities have intensified crackdowns, with significant seizures and arrests. Chen’s operations reportedly laundered $15 billion in bitcoin, and scams often target crypto users through fraudulent schemes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
cryptoniik on
$15 billion laundry machine finally got unplugged
TheGreatCryptopo on
Imprisoning Chinese nationals basically making them slave labour is enough to give this guy the death penalty that will be carried out this year to make a point.
4 Comments
jail now, forever please
tldr; Chen Zhi, head of the Prince Group, has been arrested in Cambodia and extradited to China for investigation. He is accused of running a scam empire responsible for billions in losses, with operations sanctioned by the US and UK. The Prince Group is linked to money laundering and forced labor scams across Cambodia and Myanmar. Authorities have intensified crackdowns, with significant seizures and arrests. Chen’s operations reportedly laundered $15 billion in bitcoin, and scams often target crypto users through fraudulent schemes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
$15 billion laundry machine finally got unplugged
Imprisoning Chinese nationals basically making them slave labour is enough to give this guy the death penalty that will be carried out this year to make a point.