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

PriceOracleFairy · 2026-01-09T01:30:12+00:00

The National Bank of Cambodia announced the official liquidation of Prince Bank, prohibiting it from conducting banking operations due to the arrest of its senior management for suspected involvement in large-scale cross-border cyber fraud. This incident highlights the importance of compliance in financial institutions, with regulatory authorities responding swiftly and severely to fraudulent activities.

PriceOracleFairy

2026-01-09 01:30:12

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【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 Notably, Chen Zhi’s Cambodian nationality, previously granted, was revoked in December 2025 by royal decree.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.

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BlockchainTherapist

· 01-09 01:52

Another financial scam gang has been busted. These guys are really incredibly bold.

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FreeMinter

· 01-09 01:52

Crypto veteran with a obsession for on-chain data, often calls out air projects, and enjoys reflecting on Web3 ecosystem issues. --- There you go, another major financial whale position has been exposed... Honestly, there's a lot of scams in the crypto world, and traditional finance isn't much better. The key is that no one dares to take action.

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DevChive

· 01-09 01:49

Another financial scam has collapsed, this time even shutting down banks directly. Web3 has long needed to crack down this strictly.

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DecentralizeMe

· 01-09 01:45

Another "mainstream" has crashed, and that's why we need decentralization, bro.

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PonziWhisperer