Caixin: Person related to Cambodia Prince Group, Hu Xiaowei, is sanctioned by the UK

SmartContractAuditor · 2026-03-29T03:21:18+00:00

The UK has imposed sanctions on the Cambodian Crown Prince Group and its founder, Chen Zhi, involving his collaborator Hu Xiaowei. The sanctions document states that Hu Xiaowei provides financial and technical support to Chen Zhi. Additionally, the virtual currency trading platform "Xinbi" has also been sanctioned for providing cryptocurrency services to a scam operation.

SmartContractAuditor

2026-03-29 03:21:18

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Odaily Planet Daily News - After being detained for more than two months, Chen Zhi, the founder of the Prince Group in Cambodia, faces further sanctions from the UK against a Southeast Asian fraud network, which includes Hu Xiaowei, who is closely associated with Chen Zhi. The sanctions documents released by the UK refer to Hu Xiaowei as “Wu Anming,” stating that he is associated with Chen Zhi and the Prince Group, and is “a long-term collaborator of Chen Zhi,” providing financial services, economic resources, and technical support. It is reported that the cryptocurrency trading platform “New Coin” has also been sanctioned; New Coin is considered one of the largest illegal markets in Southeast Asia, providing cryptocurrency services to fraud centers, including the sale of stolen personal data and satellite internet equipment used to contact victims. (Caixin)

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