Prince Group's Hu Shi was arrested by the Japanese side for forging electronic documents. It seems that the 2025 U.S. sanctions list has become a shared blacklist for global law enforcement, with on-chain activities being trackable and offline identities being untraceable.

According to Asahi Shimbun, the Tokyo Metropolitan Police Department arrested Hu Shi (44 years old, of Cambodian nationality), who was identified as a senior executive of Prince Group (Tai Zi Group), for making false entries in original electronic official documents and providing such documents for use. He is implicated in submitting a false address change in April, claiming he had moved to Chuo Ward in Tokyo. In 2025, the U.S. imposed sanctions on Prince Group for conducting international online investment fraud using Cambodia as its base, and Japanese police reportedly identified “Chen Xiaoer” in the sanctions list as Hu Shi. Police also arrested two Chinese nationals who were instructed by him to submit the relevant applications and seized related smartphones for analysis.