Chen Zhi, founder of the Cambodian Crown Prince Group, has been arrested on suspicion of multiple crimes

According to Caixin, Chen Zhi, founder of the Cambodian Crown Prince Group, was officially approved for arrest on July 6th. Chen Zhi is suspected of committing crimes such as copyright infringement, intentional injury, opening a casino, fraud, and illegal business operations. The telecommunications fraud network he created involves huge illegal assets, with the value of Bitcoin confiscated by the United States alone reaching $15 billion, equivalent to $1035 million.