[Prince Group Businesses Under Chen Zhi Affected by Lawsuits, Over 700,000 Fraudulent Accounts Registered]
On January 7, Prince Group founder Chen Zhi was arrested in Cambodia. Despite this, its 'legitimate' businesses, such as Prince Bank and Prince Real Estate, continue to operate normally, with storefronts visible throughout the streets of Phnom Penh. However, after lawsuits and asset freezes initiated by the United States and Singapore against Prince Group and Chen Zhi, these businesses have faced operational difficulties. In October 2025, the U.S. Department of Justice froze 127,000 Bitcoins belonging to Prince Group, valued at approximately $15 billion, and stated that the group's campus employed between 5,000 to 10,000 people, with over 700,000 fraudulent accounts registered. In the same month, the Singapore government froze assets belonging to Chen Zhi's family, with a total value of approximately 800 million RMB.