Cambodia Prince Bank is being liquidated: the main suspect involved in cross-border fraud has been arrested and deported

【Blockchain Rhythm】The National Bank of Cambodia recently announced a major decision—Taizi Bank, a subsidiary of Taizi Group, has been officially placed into liquidation, and all banking activities are immediately prohibited. This means the bank can no longer accept new deposits, open new accounts, or approve or issue any commercial and personal loans. The National Bank of Cambodia has officially appointed Morison Kak MKA Audit and Accounting Firm as the legal liquidation entity, fully responsible for the operation management and asset disposal of Taizi Bank.

This decision was not made lightly. The Ministry of Interior of Cambodia confirmed that key figures behind Taizi Bank, Chen Zhi and his accomplices Xu Jiliang and Shao Jihui, were arrested on January 6 and subsequently deported to China. The three are suspected of planning large-scale cross-border online fraud activities, with related criminal charges formally filed by U.S. courts. Notably, Chen Zhi’s Cambodian nationality, previously granted, was revoked in December 2025 by royal decree.

This bank liquidation case serves as a reminder to market participants: compliance and background checks of cross-border financial institutions are crucial. Whether traditional banks or financial service providers involved with crypto assets, once fraud allegations arise, regulatory actions tend to be swift and resolute.