18 h. ago Scam and corruption cases spark debate in China over cryptocurrencies’ future

The seizure of enormous cryptocurrency caches in two high-profile criminal cases in China – a former head of the central bank’s digital currency research institute accused of corruption, and an alleged scam centre kingpin linked to about US$15 billion in bitcoin – have sparked questions in the country about the safety and future of virtual money. But analysts said the long-term trend for the assets, especially bitcoin, depended on institutional capital, interest rate expectations and the...

Politics

3 d. ago Cambodia says Chen Zhi’s extradition to China ‘not the end’ of scam centre crackdown

Cambodia’s arrest of alleged scam centre kingpin Chen Zhi and his extradition to China is “not the end” of the Southeast Asian nation’s battle to stamp out transborder crimes, its foreign minister said. Last week’s surprise arrest of Chinese-born Chen is a key step in an until now fragmented international campaign targeting sophisticated scam networks in Southeast Asia run by criminal gangs, swindling victims worldwide out of billions of dollars. The extradition of Chen, sanctioned by several...

Politics

5 d. ago Billionaire scam kingpin in Southeast Asia arrested and extradited to China

Billionaire scam kingpin in Southeast Asia arrested and extradited to China  asiatechreview.com

Events

8 d. ago Prince Group founder linked to online scams extradited to China, says CCTV

Prince Group founder linked to online scams extradited to China, says CCTV  WHTC

Politics

9 d. ago China extradited Prince Group founder Chen Zhi, state media reports

China extradited Prince Group founder Chen Zhi, state media reports  Reuters

Politics

9 d. ago Cambodia dissolves accused scam tycoon Chen Zhi’s Prince Bank

A Cambodian bank founded by accused scam boss Chen Zhi, who has been indicted by the United States over a multibillion-dollar fraud and extradited to China, was ordered liquidated on Thursday, Cambodia’s central bank said. Prince Bank “has been placed under liquidation in accordance with the laws of the Kingdom of Cambodia”, the National Bank of Cambodia (NBC) said in a statement. Prince Bank has been “suspended from providing new banking services, including accepting deposits and providing...

Politics

9 d. ago Chen Zhi: Alleged cybercrime kingpin arrested and extradited to China, Cambodia says

Chen Zhi: Alleged cybercrime kingpin arrested and extradited to China, Cambodia says  CNN

Events

9 d. ago Alleged scam kingpin Chen Zhi arrives in China after extradition from Colombia

Alleged scam kingpin Chen Zhi arrives in China after extradition from Colombia  The Guardian

Politics

9 d. ago Alleged scam kingpin Chen Zhi arrives in China after extradition from Cambodia

Alleged scam kingpin Chen Zhi arrives in China after extradition from Cambodia  The Guardian

Politics

9 d. ago China accuses extradited billionaire Chen Zhi of running a crime network from Cambodia

Cambodia has extradited to the mainland a billionaire Chinese tycoon whom Beijing accuses of operating a transnational crime network, including opening a casino and engaging in fraud. At the request of Chinese authorities, Cambodia arrested three Chinese nationals – including Chen Zhi, the founder of Prince Holding Group – and transferred them to China on Tuesday, Cambodia China Times reported on Wednesday night. The Cambodian Ministry of Interior said in a statement that law enforcement from...

Economics

3 w. ago China probes museum art theft claims that ‘make the Louvre thieves look dumb’

The Chinese authorities are investigating reports that cultural treasures from a leading state-run museum were secretly sold on the market by museum staff in an alleged scam that has been described as making the Louvre thieves look “dumb”. The scandal first came to light when a 16th-century painting that had been donated by the family of an art collector appeared for auction earlier this year. A former director of the museum has since come under scrutiny after a former underling claimed that he...

Politics