TechFlow News: On March 28, according to Caixin, Chen Zhi, founder of Cambodia’s Prince Group, has been detained for over two months. Subsequently, the UK imposed further sanctions on a Southeast Asian fraud network, including Hu Xiaowei—closely linked to Chen Zhi. The UK’s official sanctions document identifies Hu Xiaowei as “Wu Anming,” stating he is associated with Chen Zhi and the Prince Group and serves as “Chen Zhi’s long-term collaborator,” providing financial services, economic resources, technical support, and more.
Reportedly, the cryptocurrency exchange “NewCoin” was also sanctioned. NewCoin is considered one of Southeast Asia’s largest illegal markets, offering cryptocurrency-related services to fraud centers—including the sale of stolen personal data and satellite internet devices used to contact victims.
