Chen Zhi's arrest triggers industry震动, marking the全面到来 of the cryptocurrency compliance era

On January 7, 2026, the news of Prince Group founder Chen Zhi’s arrest in Cambodia and his deportation back to China spread rapidly. The 38-year-old business magnate once operated a vast commercial empire in Cambodia, engaging in legitimate businesses such as real estate and financial services.

The U.S. Department of Justice accused Chen Zhi in October 2025 of orchestrating a cross-border “pig-butchering” cryptocurrency scam, seizing approximately 127,271 Bitcoins valued at up to $15 billion. Following the news, the cryptocurrency market reacted immediately, with Bitcoin prices on Gate experiencing fluctuations in a short period, and market compliance awareness significantly increased.

Event Recap

According to the Cambodia-China Times, Prince Group founder and chairman Chen Zhi was arrested in Cambodia and has been deported back to China for investigation by relevant authorities. Reports indicate that Chen Zhi was arrested shortly after 8 a.m., a speed that even surprised local residents. Despite Chen Zhi’s arrest, the group’s “legitimate” business divisions, such as Prince Bank and Prince Real Estate, continue normal operations.

Chen Zhi, from Xiaoaao Town, Lianjiang County, Fujian Province, is from a fishing village known for tide chasing. He dropped out of middle school early to seek work, eventually working as an internet cafe manager. Leveraging the gray industry related to online gaming, Chen Zhi earned his “first pot of gold.” In 2009, he went to Cambodia and formed