A major scam that shook the global cryptocurrency market has finally reached a critical breakthrough. According to reports, Chen Zhi, the founder of the Taizi Group, has been detained in Cambodia and subsequently deported to China for investigation. This marks a new phase in the dismantling of this transnational criminal network.

The U.S. Department of Justice had already filed charges against Chen Zhi and his Taizi Group last year, alleging that they orchestrated and carried out large-scale crypto scams in Cambodia, defrauding thousands of victims worldwide of billions of dollars in digital assets. Shockingly, the U.S. authorities later confiscated over $14 billion worth of Bitcoin linked to Chen Zhi. This set a record for the largest cryptocurrency seizure in U.S. history.

The criminal reach extended to Taiwan. Investigations revealed that the Taizi Group used Taiwan as a money laundering hub, channeling illegal funds into the country through this relay station, with involved amounts reaching NT$4.5 billion. During last year's law enforcement operations, multiple luxury homes, supercars, and large sums of cash were seized, and four Taiwanese officials within the group were placed under detention.

In January of this year, new discoveries emerged—Chen Zhi himself was found to have established a crypto "water farm" in Taiwan for the first time. Law enforcement promptly detained key figures involved in this illegal operation, including Chen Wei Zhi. This breakthrough demonstrates that international law enforcement agencies are intensifying and expanding their crackdown on crypto scams.