Prince Group Manager Hu Shi Arrested in Japan on June 14

According to local reports, Hu Shi, believed to be a manager of Prince Group, was arrested on June 14 in Osaka, Japan on suspicion of submitting a fraudulent address change form. He is a Cyprus national linked to one of the largest pig butchering scam operations in Cambodia.

In 2025, the U.S. Department of Justice launched a forfeiture action of 127,271 bitcoin, worth approximately $15 billion, against Prince Group and its ringleader Chen Zhi, marking the largest forfeiture action in DOJ history. Prince Group was designated a Transnational Criminal Organization by OFAC in October 2025 alongside 145 other targets.