How to Buy Dino Tycoon (TYCOON)

The post How a Fujian-Born Tycoon Became the Center of a $15 Billion Global Fraud Case appeared on BitcoinEthereumNews.com. Sanctions expose Chen’s rise as rooted in real estate expansion and political access. Investigators tie Prince Group to global fraud, trafficking, and large-scale laundering. Asset freezes hit Chen’s overseas holdings, signaling deeper cross-border scrutiny. Chen Zhi, a Fujian-born Cambodian businessman, is now at the center of an international investigation that ties him to one of the largest financial fraud operations uncovered in recent years. The U.S. Department of Justice seized more than 120,000 bitcoin worth over $15 billion from accounts linked to him.  According to sources, the U.S. and the U.K. imposed joint sanctions that target the 37-year-old tycoon and his conglomerate, Prince Holding Group. This coordinated action has raised new questions about how Chen built his wealth, expanded his influence, and operated across borders with significant political backing in Cambodia. Rapid Rise Inside Cambodia’s Economy and Politics Chen moved to Cambodia in 2011 as regional investment flowed into the country. He shifted from small ventures in China to major developments in Phnom Penh and Sihanoukville. His real-estate projects reshaped coastal areas and generated large returns during Cambodia’s construction boom.  Moreover, he expanded quickly into financial services. He launched a microfinance business and formed Prince Bank in 2018 after securing a commercial banking license. Additionally, the Prince Holding Group extended its footprint into more than 30 regions. The group invested roughly $2 billion in Cambodian real estate, including major sites such as Prince Plaza.  Chen also gained visibility through charity programs under the Prince Foundation, which strengthened his public image. Hence, he secured political influence and became an adviser to two prime ministers and received the Neak Oknha title in 2020 after government approval. The recognition positioned him as a top figure in Cambodia’s business elite. Related: Another Suspect Pleads Guilty in the Long-Running RICO Conspiracy Crypto Theft Scheme Investigations…

Chen Zhi linked to $15 billion bitcoin fraud operation worldwide. U.S. and U.K. impose sanctions on Cambodian tycoon Chen Zhi. Prince Holding Group accused of financing global “pig-butchering” scams. Chen Zhi, a prominent Cambodian businessman, has come under intense international scrutiny after being linked to one of the largest financial fraud operations in recent years. The U.S. Department of Justice has seized over 120,000 bitcoins, worth more than $15 billion, from accounts associated with him. Alongside this, the U.S. and U.K. imposed joint sanctions on the 37-year-old tycoon and his conglomerate, Prince Holding Group, which has raised new questions about his rapid rise to prominence and his business dealings across Cambodia and beyond. Also Read: XRP Supply Crunch: 73,000,000 XRP Exits Exchanges in One Day – What’s Happening? Chen’s Rapid Expansion in Cambodia’s Economy Chen Zhi moved to Cambodia in 2011, capitalizing on a period of regional investment influx. His business ventures grew quickly, starting with smaller projects in China before transitioning into large-scale developments in Phnom Penh and Sihanoukville. These real estate projects reshaped the local economy, producing substantial returns during Cambodia’s construction boom. His influence deepened further when he expanded into the financial sector, launching a microfinance business and obtaining a commercial banking license to establish Prince Bank in 2018. By then, Prince Holding Group had invested roughly $2 billion in Cambodia’s real estate, acquiring significant properties like the Prince Plaza. Chen’s visibility increased through his charitable foundation, the Prince Foundation, which helped strengthen his public image. His political connections also grew as he became an adviser to two Cambodian prime ministers and was granted the prestigious Neak Oknha title in 2020, positioning him as one of the country’s leading business figures. Criminal Network Allegations and International Sanctions International investigations have revealed that Prince Holding Group was allegedly involved in financing large-scale “pig-butchering” scams across Cambodia. These operations exploited trafficked workers who managed fake accounts used to defraud victims globally. Authorities have connected this network to forced labor, money laundering, and online gambling, with illicit funds flowing through crypto mining sites and shell companies in offshore jurisdictions, including the British Virgin Islands. In response, U.S. and U.K. authorities froze assets tied to Chen, including properties in London worth over £100 million. However, Cambodian officials have yet to take formal action, stating that they would review foreign requests while offering no domestic charges at this time. Also Read: XLM Powers U.S. Bancorp’s Groundbreaking Stablecoin Test on Stellar Blockchain! The post Chen Zhi Faces International Scrutiny Amid Major Financial Fraud Scandal appeared first on 36Crypto.

Strategy Inc., the firm once best known as MicroStrategy, said Monday it has raised cash and set aside a $1.44 billion US reserve to cover near-term obligations as Bitcoin tumbles. The move came after recent share sales and follows a brief buy of new coins, according to company statements and market reports. Related Reading: Bitcoin Miners Face A Harsh December: Rising BTC Difficulty, Falling Hashprice Strategy Establishes $1.44B Cash Reserve According to filings and market reports, the reserve was funded by selling Class A common stock under an at-the-market program and is meant to fund dividends on Strategy’s preferred shares and to help pay interest on its debt for at least 12 months, with a target to extend cover to 24 months or more. The company said it did not liquidate its Bitcoin stash to create the reserve. The size of the company’s Bitcoin holdings remains unusually large. Based on reports, Strategy now holds about 650,000 BTC after a small recent purchase of roughly 130 BTC that cost about $11.7 million. That hoard is still worth tens of billions of dollars at current prices, but price swings have put fresh pressure on a business built around holding the asset. Strategy Inc. announced a $1.44 billion USD reserve to cover at least 12 months of preferred dividends and interest payments, funded through its at-the-market stock sales. The company now holds 650,000 BTC and says the reserve will help manage volatility. https://t.co/i4X1J62Qel — Wu Blockchain (@WuBlockchain) December 1, 2025 Bitcoin: Market Reaction And Risks Investors reacted quickly. Strategy’s shares have fallen sharply this year, and analysts say the new cash buffer may calm some fears but won’t erase larger funding and debt timelines that loom over the company. Strategy announces $1.44B USD Reserve and now hodls 650,000 $BTC. pic.twitter.com/FNFivMNQgh — Strategy (@Strategy) December 1, 2025 Reports put convertible debt tied to past financing at about $8 billion, and company metrics show the market-to-Bitcoin ratio (mNAV) sliding closer to levels where management has said it might consider selling coins only as a last resort. Peter Schiff, a well-known Bitcoin critic, took to social media after the announcement and described the reserve as proof the model has failed, calling Michael Saylor a “conman” and saying Saylor is “finished.” Today is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars merely to fund MSTR’s interest and dividend obligations. The stock is broken. The business model is a fraud, and @Saylor is the biggest con man on Wall Street. — Peter Schiff (@PeterSchiff) December 1, 2025 Other market voices urged caution, saying the move changes how investors should value the company — from a pure Bitcoin treasury play to an entity with ongoing cash obligations. According to reports, Strategy also cut its 2025 profit and Bitcoin-linked yield targets after recent price moves, a sign that management is dealing with a less bullish near-term outlook than it expected earlier this year. The reserve is meant to prevent forced sales of Bitcoin to meet fixed payouts, but holding cash has its own costs and raises governance questions among long-time backers. Related Reading: XRP Is About To Hit A Major Turning Point This Week, Analyst Says Schiff’s Issue With Saylor Schiff’s blistering attack — calling Saylor a fraud and declaring him done — adds a sharp political edge to what had been framed as a financial maneuver. His claims amplify worries among some investors about Strategy’s governance and capital plan, even as others dismiss the remarks as partisan rhetoric. Ultimately, whether Schiff’s accusations stick will depend less on social-media barbs than on Strategy’s next moves around debt, disclosure and any future coin sales — actions that will tell investors whether Saylor’s stewardship can weather this storm. Featured image from Unsplash, chart from TradingView