$12B Crypto Kingpin Arrested in Cambodia Crackdown

Jan 8, 2026 - 18:45
$12B Crypto Kingpin Arrested in Cambodia Crackdown
The leader of a $12 billion crypto fraud in which pig-butchering scams were used to execute was arrested by Cambodian authorities. After a month-long investigation, he was extradited to China. A large-scale crackdown was conducted by the Cambodian security forces, and Chen Zhi was arrested. The Chinese-born magnate is accused of orchestrating a scheme that...

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