Meanwhile, Zhi’s whereabouts remain unknown. Once one of Cambodia’s most visible public figures, lauded as a philanthropist, business adviser to government ministers. He was even a royal honoree.
He has not been seen since the U.S. and U.K. sanctions were announced.
“Chen Zhi has vanished as suddenly as his empire is crumbling,” said journalist Adamovic Davies, who interviewed victims near the Golden Fortune compound. “It’s a cautionary tale about how power, money, and modern technology can converge into something monstrously corrupt.”
A Warning for the Crypto World
The seizure highlights the importance of international cooperation in combating digital fraud. Authorities say this case serves as a stark warning to investors and governments alike that the crypto market remains a prime target for organized crime.
As one U.S. official summarized: “Crypto was supposed to democratize finance. Instead, it’s being weaponized by global crime syndicates. But the walls are closing in.”
For more information:
The mysterious owner of a ‘scam empire’ accused of stealing $14bn in crypto
