Why Cambodia Handed Over a Man Accused of Stealing Billions in Crypto Scam
The New York Times••world
Key Points:
- Chen Zhi, accused of running scamming operations from Cambodia, was extradited to China after years of appearing untouchable, despite being a naturalized Cambodian citizen and adviser to the prime minister.
- His company, Prince Group, faced sanctions from the US and UK in October, but Cambodia initially showed reluctance to act, only expressing hope that other countries had sufficient proof.
- Cambodia’s extradition of Chen signals growing pressure from China, its main regional ally, to crack down on the cyberscam industry, though experts believe a broader crackdown is unlikely.
- Chinese state media highlighted the extradition as a significant achievement in China-Cambodia law enforcement cooperation.
- Experts caution that Cambodia’s cyberscam industry remains resilient and
