PANews reported on January 9th that, according to the Phnom Penh Post, due to its founder Chen Zhi's involvement in multiple international cryptocurrency fraud PANews reported on January 9th that, according to the Phnom Penh Post, due to its founder Chen Zhi's involvement in multiple international cryptocurrency fraud
The Central Bank of Cambodia has ordered Prince Bank to suspend all new business and place it under the trusteeship and liquidation of an auditing firm.
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PANews reported on January 9th that, according to the Phnom Penh Post, due to its founder Chen Zhi's involvement in multiple international cryptocurrency fraud cases, the National Bank of Cambodia (NBC) has suspended all new business for Prince Bank and placed all its operations and assets under the trusteeship and liquidation of Morisonkak MKA auditing firm. Depositors can withdraw funds normally as stipulated, while borrowers must continue to repay loans.
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