02.12.2025
2 min
405
Thai authorities have seized $300 million worth of assets connected to Prince Holding Group, one of Southeast Asia’s largest transnational cybercrime networks. The raid uncovered land, cash, luxury cars, and high-end jewelry linked to large-scale scam operations.
Prime Minister Anutin Charnvirakul identified several key suspects, including Chen Zhi, the Chinese-born founder of the group, a Cambodian senator, and two Thai nationals. They are accused of involvement in massive fraud schemes and forced labor operations.
The operation was carried out by Thailand’s Anti-Money Laundering Office, which confiscated over 100 high-value items tied to illicit activities.
Prince Holding Group has been active since at least 2015 and is suspected of running multi-billion-dollar scam centers across Southeast Asia. Their operations include online investment fraud, fake e-commerce schemes, romance scams, and forced labor in Cambodian compounds.
Other governments — including those of the UK, Taiwan, Singapore, and Hong Kong — have previously frozen or seized properties and funds linked to the network. The US government has labeled the group “one of Asia’s largest transnational criminal organizations,” seizing around $15 billion in Bitcoin.
The coordinated international action highlights the massive scale of cybercrime syndicates that rely on forced labor, digital currencies, and international fraud schemes. Investigations in Thailand continue, while global authorities keep shutting down assets and tracking network members.
