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

GateNews

Enforcement Actions

2026-05-13 04:37:26

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.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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