Core Viewpoint - The founder of Prince Group, Chen Zhi, is implicated in large-scale cryptocurrency fraud and money laundering, leading to asset freezes by authorities in the UK, US, and Singapore, as well as in Hong Kong [1][11]. Group 1: Asset Freezes and Investigations - Hong Kong police have frozen assets worth approximately HKD 2.75 billion related to a suspected international telecom fraud and money laundering group, believed to be linked to Chen Zhi [1][2]. - The Hong Kong Securities and Futures Commission has revoked licenses for several companies associated with Prince Group, including Mighty Divine Investment Management Limited and Mighty Divine Securities Limited [4][11]. - Chen Zhi's assets have been frozen globally, including USD 15 billion in Bitcoin by US authorities and properties in London, leading to a liquidity crisis at Prince Bank in Cambodia [12][13]. Group 2: Corporate Structure and Management Changes - Chen Zhi is the majority shareholder of two publicly listed companies in Hong Kong, namely Zhi Haoda Holdings and Kun Group, both of which continue normal trading despite the ongoing investigations [2][3]. - Recent resignations of multiple executives from Kun Group have raised concerns about the company's stability amid the investigations [2]. Group 3: Allegations and Criminal Activities - Chen Zhi's Prince Group is accused of operating fraudulent schemes that involve coercing workers to conduct telecom scams, targeting global victims to transfer cryptocurrency under false pretenses [11]. - The US government has charged Chen Zhi with fraud and money laundering, alleging that he directed a large-scale online "scam factory" in Cambodia [11].
香港出手！冻结电诈头目陈志27.5亿港元资产，香港证监会、保监局吊销关联公司牌照