Who is Chen Zhi and why does this case matter for crypto?

Chen Zhi is an alleged scam boss now in Chinese custody after extradition from Cambodia. Authorities across Asia, including Singapore, have frozen assets tied to the network. The case matters because linked bitcoin and banking flows face legal action, which can affect market liquidity, sentiment, and compliance standards.

What is the status of the Prince Bank liquidation?

Cambodia’s central bank has ordered Prince Bank liquidation. A court-appointed team typically values assets, handles creditor claims, and protects depositors. Timelines can stretch as records are reviewed. The move, tied to the Chen Zhi probe, signals stricter oversight of banks with exposure to high-risk clients and transactions.

How could the US bitcoin seizure affect BTC prices?

The US bitcoin seizure of about $15bn linked to the case may weigh on sentiment, especially if authorities later move coins. Until there is clarity on storage or disposal, traders may price a supply overhang risk. Markets often react to wallet movements from official addresses and related court disclosures.

What should Singapore investors do right now?

Use MAS-licensed platforms, keep detailed source-of-funds records, and avoid high leverage during legal headlines. Consider limit orders when spreads widen, and use cold storage for long-term holdings. Monitor official updates that mention Chen Zhi, Prince Bank liquidation steps, and any notices on seized coin management.

Law and Government

BTCUSD Today: January 9 — Chen Zhi Extradition, Prince Bank Liquidation

ByDanny Kontos January 9, 2026January 9, 2026

Chen Zhi is now in Chinese custody after extradition from Cambodia, and Cambodia’s central bank has moved on Prince Bank liquidation. The US bitcoin seizure of about $15bn tied to the case, plus asset freezes in Singapore, signal tougher enforcement. Bitcoin (BTCUSD) trades near $93,870.06 after a volatile session between $91,479.28 and $94,825.27. We review what this means for Singapore investors today, the legal backdrop, and how these actions could shape near-term crypto liquidity and compliance standards across Asia.