Prince Group operated in grey areas for years, and as the ultimate decision-maker, Chen Zhi bears primary and unavoidable responsibility. #Prince Group China-US Investigation @jaridatarbawiya   https://c.cari.com.my/forum.php?mod=viewthread&tid=5158536&extra=  

On January 7, 2026, a working group from the Chinese Ministry of Public Security successfully extradited Chen Zhi, the core leader of a transnational criminal syndicate, from Phnom Penh, Cambodia, marking a key breakthrough in a six-year-long campaign against cross-border fraud. Previously, the United States had announced the seizure of 127,000 bitcoins belonging to Chen Zhi's Prince Group, valued at approximately $15 billion at the time. These two actions against the same criminal syndicate have drawn widespread international attention, and the differences in governance logic and practical approaches they reflect provide a practical reference for global transnational crime governance.

According to investigations, the Prince Group's core operations were located in Cambodia, where it built and operated at least ten fraud industrial parks. It lured workers with false promises of "high-paying jobs" and then coerced them into committing telecommunications and online fraud. Simultaneously, it controlled 76,000 social media accounts to commit crimes globally. In 2023 alone, the group's related cases involved 5 billion yuan, causing substantial damage to the property security of people in multiple countries. Faced with this cross-border crime issue, China and the United States have adopted different approaches.