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Cambodian tycoon exposed as ‘mastermind’ of US$14 billion crypto fraud empire

✍️ Associated Press 📅 October 15, 2025 10:14 AM 🕐 Scraped: October 15, 2025

Summary: Prince Holding Group’s Chen Zhi accused of exploiting forced labour for investment fraud and using the illicit profits to buy yachts.

The US government has seized more than US$14 billion in bitcoin and charged the founder of a Cambodian conglomerate in a massive cryptocurrency scam, accusing him and unnamed co-conspirators of exploiting forced labour to dupe would-be investors and us

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📝 Article Information

Author

Associated Press

Original Publisher

🌍 South China Morning Post

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Published Date

October 15, 2025 at 10:14 AM

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