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International Business Times
International Business Times
Business

Bitcoin Billionaire Chen Zhi Taken Into Custody Amid Massive Crypto Scam Allegations

Chen Zhi Bitcoin Crypto United States Prince Group Asia
Virtual currencies Bitcoin, Ethereum, and Dogecoin placed on a pile of fake gold bars in Clermont-Ferrand France on March 25 2025.

Bitcoin billionaire Chen Zhi has been taken into custody in Asia, marking a major step in one of the largest cryptocurrency fraud cases ever uncovered.

Authorities say Chen, the chairman of Cambodia-based Prince Group, is accused of running a massive global scam that stole billions of dollars from victims, including many in the United States.

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