China Business Uncovered Podcast: A $15 Billion Bitcoin Seizure and the Fall of a Cybercrime Kingpin

Feb.26.2026

From internet cafe manager to Cambodian tycoon, Chen Zhi built a glittering empire, until authorities alleged it hid a global scam network. Caixin’s investigative reporter unpacks the story behind the fall of Prince Group

00:00

00:00/00:00

A Chinese tycoon’s mysterious rise in Cambodia, and behind him, an alleged scam network that ensnared victims in China and the U.S. In this debut episode of China Business Uncovered, host Kelsey Cheng speaks with Caixin reporter Tang Ailin to unpack the sudden fall of Chen Zhi, his empire Prince Holding Group, and the seizure of $15 billion in bitcoin.

Share this article

Open WeChat and scan the QR code

MORE WAYS TO LISTEN