The "legitimate" businesses under the Prince Group, such as Prince Bank and Prince Real Estate, are still operating normally
Jan 07, 2026 23:01:06
According to Hongxing News, Chen Zhi, the founder and chairman of Prince Group, was arrested in Cambodia and has been deported back to the country. Currently, the "legitimate" business sectors under Prince Group, such as Prince Bank and Prince Real Estate, are still operating normally. However, after lawsuits were filed against Prince Group and Chen Zhi in the United States, Singapore, and other countries, and assets were frozen, the operations of these businesses have also faced difficulties.
In October 2025, the U.S. Department of Justice froze 127,000 bitcoins belonging to Prince Group, valued at approximately $15 billion at the time. The U.S. Department of Justice stated that the workforce at Prince Group's park ranges from 5,000 to 10,000 employees, with over 700,000 registered fraudulent accounts. During the same period, the Singapore government froze a significant amount of assets belonging to Chen Zhi's family, including luxury cars such as Bentleys and Rolls-Royces, as well as high-value properties and bank accounts, totaling 150 million Singapore dollars (approximately 800 million RMB).
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