Caixin: Person related to Cambodia Prince Group, Hu Xiaowei, is sanctioned by the UK

金色财经_ · 2026-03-29T04:50:28+00:00

The UK has imposed sanctions on Chen Zhi, the founder of the Prince Group in Cambodia, and his associate Hu Xiaowei, accusing them of involvement in Southeast Asian scam networks. Additionally, sanctions have been imposed on the virtual currency trading platform "Xinbi," which is regarded as a key tool for scam operations.

金色财经_

2026-03-29 04:50:28

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On March 29, news reports that Chen Zhi, the founder of the Prince Group in Cambodia, has been detained for more than two months, and the UK has further imposed sanctions on Southeast Asian scam networks, including Hu Xiaowei, who is closely linked to Chen Zhi. The sanctions document released by the UK refers to Hu Xiaowei as “Wu Anming,” stating that he is associated with Chen Zhi and the Prince Group, and is described as “a long-term collaborator of Chen Zhi,” providing financial services, economic resources, and technical support. It is reported that the cryptocurrency trading platform “New Currency” has also been sanctioned; New Currency is considered one of the largest illegal markets in Southeast Asia, providing cryptocurrency services for scam centers, including the sale of stolen personal data and satellite internet devices used to contact victims. (Caixin)

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