DEVELOPING: Prosecutors Seize Luxury Assets from Cambodia Cybercrime Suspect

Breaking News: Prosecutors Seize Luxury Assets from Cambodia Cybercrime Suspect Prosecutors in Taiwan, Hong Kong, and Singapore have seized hundreds of millions of dollars in assets belonging to Chen Zhi, a Cambodian businessman accused of heading a global scam syndicate. The asset seizures took place on November 4, 2025. Chen Zhi, the founder of Prince Holding Group in Cambodia, is charged with wire fraud conspiracy and money laundering conspiracy by US authorities. The indictment, revealed on October 31, 2025, alleges that Chen's scam network operated across countries including the US, the UK, and Palau. The seized assets include luxury yachts, cars, and properties worth hundreds of millions of dollars. The move is part of a growing effort by governments to crack down on Southeast Asian scam networks. This development comes as US authorities continue to investigate Chen and his alleged scam network. Further asset seizures and arrests are expected in the coming days. This is a developing story, and we will provide updates as more information becomes available.