Panic withdrawals affect Cambodia’s Prince Bank as owner Chen Zhi is accused of leading a Southeast Asian cybercrime network.
Public Response to Prince Bank’s Withdrawal Crisis A significant crowd assembled outside the main branch of Prince Bank in Phnom Penh early Saturday to withdraw their funds, while some branches halted trading due to liquidity issues, as reported. Frustration amongst the public escalated when access to Prince Bank’s website and mobile app became unavailable. The […]
$15B in bitcoin taken by DOJ from Chen Zhi, founder of Prince Holding Group
Massive Fraud Operation Results in Bitcoin Seizure A staggering $15 billion in Bitcoin has been seized in a major fraud case involving a Chinese businessman and a Cambodian forced labor camp. The alleged mastermind, who has been identified as Chen “Vincent” Ji, reportedly funneled his illicit earnings into luxurious items like art, high-end watches, and […]