Prince Group (Chen Zhi / LuBian.com)
Prince Group (Prince Holding Group)
Prince Group, formally Prince Holding Group, is a Cambodia-based conglomerate headquartered in Phnom Penh that presents itself as operating across real estate development, financial services, and consumer services. (princeholdinggroup.com)
On its corporate website, Prince Holding Group describes itself as “one of the largest conglomerates in Cambodia,” with business units that include (among others) Prince Real Estate Group, Prince Huan Yu Real Estate Group, and Prince Bank. (princeholdinggroup.com)
Chairman: Chen Zhi
Prince Holding Group identifies Neak Oknha Chen Zhi (also known as “Vincent”) as its chairman, and attributes the group’s expansion in Cambodia to his leadership. (princeholdinggroup.com)
Criminal allegations, sanctions, and enforcement actions (2025–2026)
On October 14, 2025, the U.S. Department of Justice (EDNY) announced an unsealed indictment charging Chen Zhi with wire fraud conspiracy and money laundering conspiracy, alleging that he directed the operation of forced-labor scam compounds in Cambodia that carried out cryptocurrency “pig-butchering” investment fraud schemes. The same announcement states that U.S. authorities filed a civil forfeiture complaint against approximately 127,271 bitcoin (described as then worth about $15 billion) said to be connected to the alleged schemes and held in U.S. government custody. (justice.gov)
On the same date (October 14, 2025), the U.S. Department of the Treasury reported that OFAC imposed sanctions on 146 targets tied to what it termed the “Prince Group Transnational Criminal Organization”, describing it as a Cambodia-based network led by Chen Zhi and asserting it was involved in large-scale online scams and laundering. Treasury also stated that the United Kingdom took “complementary” actions. (home.treasury.gov)
In January 2026, Associated Press reported that Cambodia extradited Chen Zhi to China, following his arrest at the request of Chinese authorities; the report also described international asset-freezing/seizure actions connected to the case. (apnews.com)
Prince Holding Group has publicly denied wrongdoing in response to the allegations reported in international media. (scmp.com)
“LuBian.com” / LuBian mining pool (context and reported linkage)
LuBian (often referenced with the domain LuBian.com) has been described in crypto-industry reporting as a former Bitcoin mining pool associated with a very large 2020-era Bitcoin theft. (coindesk.com)
Separately, Bloomberg (via The Japan Times) reported that a Chinese cybersecurity agency alleged that bitcoin stolen from the LuBian mining pool was linked to bitcoin later confiscated by the U.S. government and publicly associated by U.S. authorities with Chen Zhi in the Prince Group case; this framing reflects a contested narrative rather than a jointly agreed factual finding by all parties. (japantimes.co.jp)
Reference website (as provided)
Related Bitcoin addresses:
Total 8 addresses.