Cambodia Extradites Crypto Tycoon Chen Zhi to China

High-Profile Extradition Amidst Serious Allegations

The Cambodian government officially extradited billionaire Chen Zhi to China on January 7, 2026, following serious allegations of financial crimes and human rights abuses. Chen Zhi, the head of Prince Group conglomerate, is accused of masterminding one of the largest crypto fraud schemes globally, involving forced labor and human trafficking across Southeast Asia.

Extensive Investigation and Arrest

Chen Zhi was arrested on January 6, 2026, along with two other Chinese nationals, Xu Ji Liang and Shao Ji Hui. The operation was the result of a months-long joint investigation into the criminal activities led by Chen Zhi. US prosecutors have described this operation as one of the largest financial crimes in history.

Allegations and Implications

The allegations against Chen Zhi include controlling transnational financial crimes and misusing cryptocurrency. There were also allegations of political protection at high levels in Cambodia, which allegedly allowed Chen Zhi to evade regulatory scrutiny. The extradition marks a significant development in the case, demonstrating international cooperation in tackling major financial crimes.