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Originally published by Capital Business
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business
October 24, 2025
7mo ago

The mysterious figure accused of masterminding a $14bn crypto scam

The mysterious figure accused of masterminding a $14bn crypto scam

OCT 24 - Just 37 years old, Chen Zhi is accused of being "the mastermind behind a sprawling cyber-fraud empire… a criminal enterprise built on human Kenya breaking news | Kenya news today |..

✨ Key Highlights

A 37-year-old figure, Chen Zhi, has been accused by the US Department of Justice of masterminding a massive cyber-fraud empire operating out of Cambodia, stealing billions in cryptocurrency.

  • The US Treasury Department has confiscated approximately $14bn (£10.5bn) worth of Bitcoin linked to Chen Zhi, marking the largest ever cryptocurrency seizure.
  • Chen Zhi's company, the Cambodian Prince Group, describes him as a respected entrepreneur and renowned philanthropist, despite accusations of running scam compounds built on human suffering.
  • The alleged scam empire involved human trafficking, torture, and extortion of enslaved workers in operations in at least 10 scam compounds in Cambodia, with 128 companies and 17 individuals sanctioned by US and UK authorities.

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