The "legitimate" business under Chen Zhi is still operating, with park employees reaching up to 10,000, and over 700,000 scam accounts registered.

GateUser-6433627c · 2026-01-07T15:01:28+00:00

After the founder of Taizi Group was arrested in Cambodia, its businesses continued to operate but faced legal challenges and asset freezes in the United States and Singapore. The U.S. Department of Justice froze $15 billion worth of Bitcoin, while Singapore froze assets worth 800 million RMB belonging to the Chen family.

GateUser-6433627c

2026-01-07 15:01:28

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On January 7, after the Prince Group founder was arrested in Cambodia, its “legitimate” business units such as Prince Bank and Prince Real Estate continued to operate normally, with business outlets visible on the streets of Phnom Penh. However, after lawsuits were filed against the Prince Group and Chen Zhi Fa in the United States, Singapore, and other countries, and assets were frozen, these businesses also faced difficulties. In October 2025, the U.S. Department of Justice froze 127,000 Bitcoins from the Prince Group, valued at approximately $15 billion at the time. The U.S. Department of Justice stated that the Prince Group’s park employees number between 5,000 and 10,000, with over 700,000 registered scam accounts. During the same period, the Singapore government froze a large amount of Chen Zhi’s family assets, including luxury cars such as Bentley and Rolls-Royce, as well as high-value real estate and bank accounts, with a total value of 150 million SGD (approximately 800 million RMB).

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