BlockBeats news: On January 7, after the founder of Prince Group, Chen Zhi, was arrested in Cambodia, the group's "legitimate" business units, including Prince Bank and Prince Property, continued to operate normally, with business outlets easily found on the streets of Phnom Penh. However, after the United States, Singapore, and other countries successively filed lawsuits against Prince Group and Chen Zhi and froze their assets, the operations of these businesses have also encountered difficulties.
In October 2025, the U.S. Department of Justice froze 127,000 bitcoins belonging to the Taizi Group, valued at approximately $15 billion at the time. The U.S. Department of Justice stated that the Taizi Group's park employed between 5,000 to 10,000 staff, and had over 700,000 registered fraudulent accounts. Around the same time, the Singapore government froze a large amount of assets belonging to the Chen Zhi family, including luxury cars such as Bentleys and Rolls-Royces, as well as high-value real estate and bank accounts, with a total value of 150 million Singapore dollars (approximately 800 million RMB).