Cambodia arrested and extradited Chen Zhi, chairman of Prince Holding Group, to China following international probes into large online investment and crypto scam centres. Authorities say the operations involved forced labour, trafficking and global fraud networks previously targeted by U.S. indictments.

Cambodia announced the arrest and extradition of Chen Zhi, the chairman of Prince Holding Group, to China after investigations by multiple countries into sprawling scam centre operations. Officials allege the network ran large online investment and cryptocurrency frauds while employing trafficked forced labour to staff call centres and other operations. U.S. authorities had earlier indicted Chen and asserted his network laundered billions of dollars; investigators have also linked the network to a substantial bitcoin seizure. The extradition follows international pressure and coordinated probes into transnational cyber-enabled fraud that targeted investors worldwide. Cambodian authorities said they cooperated with partner nations as part of efforts to dismantle the operational infrastructure enabling the scams, while China will pursue its own criminal case. The move highlights increasing cross-border law enforcement collaboration to confront complex fraud networks that combine online financial schemes, crypto laundering, and human trafficking, and it underscores ongoing efforts to recover proceeds and hold senior organizers accountable.