Cambodian police raided Prince Square in Phnom Penh, detaining over 100 people.

CoinFeed reported on May 21 that, according to Caixin, the disposal of assets related to Chen Zhi, founder of the Prince Group in Cambodia, has accelerated after his extradition to China. According to the Phnom Penh Post, police recently raided Prince Plaza in Phnom Penh, suspected of operating a telecom fraud operation, detaining over 100 people, 82 of whom are Chinese nationals. Law enforcement also seized a large number of electronic devices, including 800 mobile phones and over 100 computers. The Cambodian Committee Against Tech Fraud stated that, based on preliminary investigations, these suspects are suspected of defrauding victims in Cambodia and other countries through fraudulent investment schemes. Previously, it was reported that the Hong Kong High Court had granted a restraining order against Chen Zhi and 42 others, along with several companies, freezing approximately HK$9 billion in assets. This includes 13 bank accounts held by Chen Zhi in Hong Kong, as well as 17 companies he effectively controls in the British Virgin Islands (BVI) and Hong Kong.