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Prince Group asset probe advances as over 90,000 Bitcoin passed through linked entities

NewsFeeds update

Courts in the British Virgin Islands have appointed joint provisional liquidators over 30 BVI entities controlled by Chen Zhi, the detained head of Cambodia's Prince Group, allowing alleged victims in any jurisdiction, including China, to file claims. Prosecutors say more than 90,000 of the over 120,000 Bitcoin seized in the US passed through two of the entities, Amber Hill Ventures and Lateral Bridge Global, and a Cayman-registered firm.

RegulationOdailyAIBearish

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The story so far: Prince Group asset freeze and probe

A Cambodian court froze nearly $1bn in assets linked to the Prince Group case, with 198 affiliated companies identified. BVI courts appointed joint provisional liquidators over 30 Chen Zhi-controlled entities, letting alleged victims file claims. The US Treasury has now sanctioned four individuals and 41 entities tied…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Cambodian court freezes nearly $1bn in assets tied to Prince Group case

  2. Prince Group asset probe advances as over 90,000 Bitcoin passed through linked entities

  3. US Treasury sanctions 4 people and 41 entities linked to Prince Group

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