The Hong Kong High Court has approved the freezing of HK$8.9 billion in assets belonging to Prince Group's Chen Zhi and others.

CoinFeed reported on May 13 that, according to HK01, the Hong Kong High Court granted the Department of Justice's application for a restraining order against 42 individuals, including Chan Chi, and their companies, freezing a total of HK$8.93 billion in assets, including deposits, properties, and stocks. Among these assets are over HK$6.36 billion belonging to Chan Chi alone, including HK$2.2 billion in deposits, the entire commercial building at 68 Kimberley Road, Tsim Sha Tsui, valued at HK$3 billion, and the Mount Nicholson villa on The Peak, valued at HK$1 billion. Zhou Yun, who assisted in managing these assets, has total assets exceeding HK$2 billion, and her personal accounts hold HK$15.92 million worth of Hong Kong dollars, euros, and Bitcoin. In addition, Hu Xiaowei and Li Tian, ​​related to the Prince Group, have approximately HK$400 million and HK$172 million in assets frozen respectively. The court will reconvene on August 3 to decide whether to extend the restraining order.