Chen Zhi ran a $10B crypto rip-off utilizing 100,000 slaves. His empire included banks, casinos, and accommodations earlier than his 2025 extradition.
The cybersecurity analysis group vx-underground lately shared surprising particulars about Chen Zhi’s felony community. Their findings reveal an operation so huge it defies easy rationalization.
Chen Zhi constructed a enterprise empire spanning continents and industries. However beneath the respectable facade lay one thing sinister.
From Awards to Arrests: The Double Lifetime of a Billionaire
Chen Zhi owned banks, accommodations, casinos, and supermarkets throughout a number of international locations. His operations stretched from the USA to Cambodia. He employed 1000’s of employees worldwide.
The 37-year-old acquired awards for his enterprise ventures.
Political elites in China and Cambodia referred to as him a pal. Cambodia even named him a “Lord” for his contributions.
He donated over $2 billion to Cambodian causes. His financial institution managed property exceeding $1 billion. His actual property investments topped $10 billion.
Based on vx-underground, his cigar investments alone reached $1.5 billion. He collected supercars, yachts, and mansions. On paper, Chen Zhi seemed like a respectable tycoon.
The extra I look into Chen Zhi the extra my head spins. This man was CRAZY
I must write a MASSIVE doc on this man to elucidate every part.
– Owned a BANK
– Owned a collection of accommodations and residences
– Owned a collection of casinos
– Owned a collection of supermarkets
– Owned…— vx-underground (@vxunderground) January 9, 2026
The $30 Million Each day Rip-off Machine
The USA authorities uncovered the reality behind Chen Zhi’s wealth. His empire ran on human trafficking and compelled labor.
Authorities assert he enslaved as much as 100,000 individuals. Many victims had been girls and minors. They carried out sextortion schemes and crypto scams underneath duress.
The operation generated staggering earnings. At its peak, the community earned $30 million day by day. That interprets to roughly $10 billion yearly.
Vx-underground notes the group used torture and violence to regulate victims. Chen Zhi allegedly ordered the brutal homicide of a 25-year-old man. The execution resembled cartel-style violence.
His community collaborated with the 14K Triad felony group. Collectively they managed casinos and trafficking operations. Chen Zhi labored with triad chief “Damaged Tooth” on a number of felony ventures.
These included prostitution, murder-for-hire, and drug smuggling operations.
Associated Studying: $12B Crypto Kingpin Arrested in Cambodia Crackdown
Document Bitcoin Seizure and Extradition to China
In 2025, United States authorities seized $15 billion value of Bitcoin from Chen Zhi. The confiscation represents one of many largest cryptocurrency seizures in historical past.
Consultants estimate his complete property exceeded $75 billion. The determine may climb even greater with additional investigation.
The LBN staff earlier reported on Chen Zhi’s extradition from Cambodia. Cambodian authorities arrested him on January 6 alongside two enterprise associates.
Cambodia extradited the billionaire to China to face fees. He now confronts allegations of operating a worldwide crypto fraud community. The fees embody pressured labor and worldwide theft.
His Prince Group operation stole billions from victims worldwide. The rip-off focused individuals throughout a number of continents.
Vx-underground acknowledged they would wish an enormous doc to cowl every part. The complexity of Chen Zhi’s community continues to emerge. Every investigation reveals new layers of criminality.
The case highlights the darkish intersection of cryptocurrency and arranged crime. It additionally exposes how human trafficking can cover behind respectable enterprise operations.