Crypto scammer on the run with $1.8 billion in Bitcoin
Chen Zhi, chairman of Cambodia’s Prince Group, has become the central figure in one of the largest crypto fraud scandals on record. This week, U.S. authorities sanctioned him over his role in orchestrating vast “pig butchering” operations across Southeast Asia, where forced labor compounds were allegedly used to defraud victims around the globe. Arkham data confirms the scale of his digital fortune: addresses tied to Chen hold nearly 15,957 Bitcoin, worth around $1.77 billion at current prices. On Arkham, the wallet cluster labeled chen-zhi-sanctioned shows a portfolio composed entirely of Bitcoin, with BTC trading near $110,700 at press time. Transfers reveal how his empire consolidated its holdings over years, with multi-thousand BTC inflows dating back three years. Chin Zhi account movement. Source: Arkham In one transaction, almost 4,000 BTC, nearly $90 million at the time, was funneled into Chen-linked addresses. Another movement added more than 3,...