Leader of Cross-Border Fraudulent Gambling Group, Chen Zhi, Approved for Arrest

July 27. After being extradited back to China for half a year, Chen Zhi, the founder of the Prince Group in Cambodia, has been arrested. Chen Zhi was formally approved for arrest on July 6. Compared to when he was extradited back to China, the criminal charges against him have been reduced to the crime of concealing and disguising criminal proceeds, and new charges of copyright infringement and intentional harm have been added. Over the years, Chen Zhi has built a global telecommunications fraud network centered around the "Gold Shell Park," making millions of dollars a day as a duke, with a net worth of hundreds of billions of U.S. dollars. The bitcoins alone seized by the United States are worth $15 billion (approximately 103.5 billion RMB).

According to a Ministry of Public Security briefing, on January 7, 2026, with the support and cooperation of relevant authorities in Cambodia, the Ministry of Public Security dispatched a working group to extradite the head of a major cross-border gambling and fraud crime group, Chen Zhi (Chinese national), from Phnom Penh, Cambodia back to China. The briefing at the time revealed that Chen Zhi's criminal group was suspected of operating casinos, fraud, illegal business operations, concealing and disguising criminal proceeds, and other crimes, and had been lawfully subjected to coercive measures.