Hong Kong High Court Freezes HK$8.938 Billion in Assets Linked to Prince Group Founder Chen Zhi

According to ChainCatcher, Hong Kong’s High Court in May approved an application by the Department of Justice to freeze HK$8.938 billion in assets linked to Prince Group founder Chen Zhi and 41 others suspected of operating fraud schemes in Cambodia. Chen Zhi’s personal assets in Hong Kong exceed HK$6.36 billion. Zhou Yun, who assists in managing the group’s assets, holds over HK$2 billion in total assets, including HK$15.92 million in Hong Kong dollars, euros, and bitcoin in personal accounts.

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