US Stole a Chinese Scam King’s $15B Bitcoin? Here’s “How”

On January 7, Chinese state television broadcast dramatic footage: a hooded, handcuffed man being escorted off a plane in Beijing. The prisoner was Chen Zhi, the 38-year-old founder of Cambodia’s Prince Holding Group, accused of running one of Asia’s largest scam empires. Cambodia had arrested Chen the day before and extradited him to China, ending years of speculation about whether the well-connected tycoon would ever face justice. But as Chen’s downfall dominates headlines, another mystery lingers: What really happened to his $15 billion in Bitcoin? The Record Seizure When US prosecutors announced in October 2025 that they had seized 127,271 Bitcoin from Chen, they called it a “record” cryptocurrency forfeiture source: https://beincrypto.com/us-stole-chinese-scam-kings-15b-bitcoin/