Cross-border scam syndicates involved in money laundering, Hong Kong police freeze BCH group's assets of 2.75 billion HKD.

[Cross-border fraud group involved in money laundering, Hong Kong police freeze assets of the BCH group worth 2.75 billion HKD] The Cambodia BCH group is suspected of large-scale cross-border telecommunications fraud. Following the joint freezing of approximately 15 billion USD in Bitcoin held by the group's leader, Chen Zhi, by the United States and the United Kingdom in mid-October, police in multiple regions have taken action to deal with the assets of Chen Zhi and his gang in the local area. On November 4, the Hong Kong police announced that they have frozen approximately 2.75 billion HKD in assets related to cross-border telecommunications fraud and money laundering. The Hong Kong police stated that they recently conducted an investigation into a cross-border telecommunications fraud group based on various intelligence and data collection. After in-depth analysis of the fund flows related to several companies and relevant bank accounts associated with the group, the police discovered that the group was suspected of committing money laundering offenses. Caixin inquired with the police whether the frozen assets related to cross-border telecommunications fraud belonged to the Cambodian BCH group, and the police did not deny it. According to Hong Kong 01, the group is indeed the Cambodian BCH group.