BVI liquidators open claims door for Prince Group CEO Chen Zhi’s victims

Victims of scams tied to Chen Zhi, the Prince Group founder held in China after extradition from Cambodia, received hope of potential claims against the estate, according to court-appointed liquidators for 30 British Virgin Islands (BVI) companies linked to Prince Group. That update ignites hopes of a possible recovery for Chen Zhi’s victims regardless of their country, including China. It also represents a clearer path to recovery compared to the US, where the Trump Justice Department has knocked down victims’ attempts to make claims on the Bitcoin it seized from scam operations tied to Zhi. What did Chen Zhi liquidators tell victims? Per comments shared with Caixin on October 28, the joint provisional liquidators noted that there was no process to file claims or distribution outlets yet.

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