Crypto founder involved in multi-country scams, Cambodian bank faces regulatory freeze

HashBandit · 2026-01-09T01:14:10+00:00

The National Bank of Cambodia announced the suspension of Prince Bank's new operations due to founder Chen Zhi's involvement in a cross-border crypto scam. All operations and assets are to be liquidated by an independent auditing agency. This decision reflects strict regulation of crypto risks and emphasizes the importance of financial compliance.

HashBandit

2026-01-09 01:14:10

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【Chain Wen】The National Bank of Cambodia has just announced a major decision: all new business activities of Prince Bank have been suspended due to founder Chen Zhi’s involvement in a cross-border crypto scam. Even more seriously, all operations and assets of the bank are now under the custody and liquidation of an independent auditing agency.

This action is no trivial matter. While depositors can still withdraw funds normally according to regulations and borrowers must continue repaying loans, the bank has essentially been “frozen.” Once the founder is involved in a cross-border scam, the damage to trust in financial institutions is fatal. This move by regulators reflects a zero-tolerance attitude towards crypto-related risks in various countries.

It also serves as a warning to the community: financial licenses and compliant operations must be handled with utmost care. If the founder or senior executives get into trouble, the entire institution will be dragged down.

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RektRecorder

· 01-11 19:59

When the founder gets into trouble, the entire project is doomed. That's why I've always said that the reputation of people in the crypto space is very important.

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AltcoinHunter

· 01-09 01:43

Another founder scandal case, this time even dragging the entire bank down... Seriously, compliance is not just for show. --- Damn, this is why I never touch projects with star founder halos again. When one person messes up, the whole thing is lost. --- Is Cambodia really that strict? It seems global regulation is really tightening. Where should we dig for hundredfold opportunities in the future? --- Let's analyze calmly: Founder’s character > Technical aspect > Tokenomics. Remember this order, it will save you from many pitfalls. --- The Prince Bank's assets were directly frozen. This shows us what it means to share both glory and loss... Executives should really learn how to separate risks. --- Wow, cross-border scam? This guy really knows how to play. He even risked his own bank. --- Looking at this news, I’m glad I didn’t get involved in any Cambodia-related projects. I really dodged a bullet.

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TooScaredToSell

· 01-09 01:21

It's another case of the founder messing up and ruining the entire project. How bad is this套路?

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TokenomicsPolice

· 01-09 01:20

Another one, this time even the banks have been frozen. Totally screwed up.

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ChainBrain

· 01-09 01:15

Another founder has fallen, and the entire institution is buried with them... That's why I always say don't put all your eggs in one basket. --- Chen Zhi's move is truly outrageous, even freezing the banks, how worried the depositors must be. --- Basically, it's still a human problem; no matter how compliant the license is, it can't stop founders from messing up. --- Cambodia is getting serious, but over here... it seems that the regulation on crypto isn't that strict. --- What does this tell us? Don't trust any financial product controlled by a single person. --- Taizi Bank was directly entrusted to an independent auditor, feeling risky... Can depositors walk away unscathed? --- Cross-border scams + financial licenses, this combo punch can really ruin an institution. --- So that's why I only use major exchanges... if a small platform founder messes up, you lose everything.

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