Authorities put fresh squeeze on Prince Group founder Chen Zhi in $1.1B asset seizure

Hong Kong's High Court froze HK$8.93 billion (about US$1.1 billion) of assets belonging to Prince Group founder Chen Zhi and his associates, marking major legal action against the company. The decision is negative for fundraising and investor confidence and could create security and market-risk implications for any related crypto or DeFi exposure tied to Prince Group or its affiliates.