Therecord.Media Taiwan Indicts 62 in Cyber Scam Linked to Prince Group
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Taiwanese prosecutors have indicted 62 individuals connected to the Prince Group, a network implicated in a $339 million cryptocurrency scam. The group's founder, Chen Zhi, was previously indicted by U.S. authorities on money laundering charges and is considered a key figure in the organization, which has been designated as a transnational criminal organization by the U.S. Department of Justice.
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Timeline
2025-10-01
Taipei District Prosecutors Office begins investigation
2026-01-05
Chen Zhi arrested in Cambodia
2026-01-15
Chen Zhi extradited to China
2026-03-04
Taiwan announces indictment of 62 individuals
2026-03-05
Details of indictment published by media
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