Techub News reports that according to the Ming Pao newspaper, Chen Zhi, founder and chairman of the Taizi Group, has been arrested in Cambodia and extradited back to China for investigation by relevant authorities. The US and UK previously took action regarding allegations of investment fraud and transnational crimes related to his investments, and mentioned matters involving cryptocurrency fund flows and large-scale Bitcoin seizures.
Techub News reports that according to the Ming Pao newspaper, Chen Zhi, founder and chairman of the Taizi Group, has been arrested in Cambodia and extradited back to China for investigation by relevant authorities. The US and UK previously took action regarding allegations of investment fraud and transnational crimes related to his investments, and mentioned matters involving cryptocurrency fund flows and large-scale Bitcoin seizures.