Cambodia Extradites Chen Zhi to China for Crime Probe

Cambodia has extradited Chen Zhi, a prominent Chinese-born businessman and founder of the Prince Holding Group, to China, where authorities will investigate him for alleged involvement in a vast transnational crime network centered on cryptocurrency fraud, human trafficking, and money laundering. The 38-year-old, along with two associates, Xu Ji Liang and Shao Ji Hui, was arrested in Cambodia on Tuesday following months of joint law enforcement cooperation between the two countries.

Cambodia's Interior Ministry confirmed the extradition in a statement, noting that the action came at the request of Chinese authorities. Chen, who had acquired Cambodian citizenship in 2014, lost that status in December after a royal decree revoked it in line with local laws. Born in Fujian province in 1987, Chen established the Prince Holding Group in 2015, building it into a conglomerate with operations in real estate, financial services, and hospitality across more than 30 countries.

U.S. authorities have accused Chen of orchestrating one of the largest online scam operations uncovered, known as "pig butchering" schemes, in which scammers build trust with victims through social media or messaging...