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Chen Zhi's "legitimate" business is still operating, with a peak of tens of thousands of employees in the park and over 700,000 registered scam accounts.
By: theblockbeats.news|2026/01/07 23:16:05
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BlockBeats News, January 7th, Today, after the founder of Prince Group, Chen Zhi, was arrested in Cambodia, its "legal" business sectors such as Prince Bank and Prince Real Estate are still operating normally, with business outlets visible on the streets of Phnom Penh. However, following lawsuits and asset freezes against Prince Group and Chen Zhi in countries such as the United States and Singapore, the operation of these businesses has also encountered difficulties.
In October 2025, the US Department of Justice froze 127,000 bitcoins of Prince Group, valued at approximately $15 billion at the time. The US Department of Justice stated that Prince Group's park had a staff size of 5,000 to 10,000 people, with over 700,000 registered scam accounts. During the same period, the Singaporean government froze a large amount of the Chen Zhi family's assets, including luxury cars like Bentley and Rolls-Royce, high-value properties, and bank accounts, totaling 150 million Singapore dollars (about 800 million yuan).
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