Overview
- Cambodia said it arrested Chen Zhi and two other Chinese nationals and extradited them to China following a joint transnational crime investigation.
- China’s public security ministry released video of Chen arriving under guard, presenting the handover as part of a broader crackdown on online fraud networks.
- The National Bank of Cambodia placed Prince Bank into liquidation, halted new services, and stated customers may withdraw funds while existing loans remain due.
- U.S. prosecutors charged Chen in October over alleged forced‑labor scam operations in Cambodia and announced the seizure of about 127,000 bitcoins worth roughly $15 billion, the largest U.S. judicial seizure.
- Phnom Penh said a royal decree stripped Chen of Cambodian nationality in December, and AFP reporting notes he previously advised Prime Minister Hun Manet and former leader Hun Sen.