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\n\t\t\t\t\t\t\t\t\tJapanese police arrested an alleged high-ranking member of one of Asia’s largest crypto-facing crime organizations. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Hu Shi is allegedly a senior member of Prince Group, which has been sanctioned by the U.S. government<\/p>\n
Tokyo Metropolitan police have arrested alleged crypto crime kingpin Hu Xiaowei, aka Hu Shi, after tracking his movements across various luxury hotels in Osaka.<\/p>\n
Hu is\u00a0believed by police to be a high-ranking member of Prince Group, which CryptoPotato has\u00a0reported<\/a> is responsible for high-level pig-butchering scams and investment fraud totaling $15 billion in<\/span>\u00a0Bitcoin.<\/p>\n Tokyo Arrest: Prince Group Crypto Kingpin Hu Xiaowei (Hu Shi) Nabbed \u2013 Linked to $15B Bitcoin Scam Empire<\/p>\n According to Asahi Shimbun, Tokyo police arrested Hu Xiaowei (Hu Shi), a senior figure allegedly tied to Cambodia-based Prince Group, one of Asia\u2019s largest transnational\u2026 pic.twitter.com\/n3hT8vE2hA<\/a><\/p>\n \u2014 Wu Blockchain (@WuBlockchain) June 22, 2026<\/a><\/p>\n<\/blockquote>\n Prince Group is one of Asia\u2019s largest organized groups, operating at least 10 scam compounds staffed at the height of its power. The suspected leader of the group, Chen Zhi, was arrested in Cambodia and extradited to China in January.<\/p>\n The U.S. government sanctioned 146 entities linked to the group in October 2025, and the British government has blacklisted several individuals for alleged ties to the Prince Group.<\/p>\n A national of Cyprus and Cambodia, Hu Shi is currently charged with submitting a fraudulent change-of-address form to obtain permanent residency in Japan.<\/p>\n Two Chinese nationals were arrested for submitting paperwork on his behalf. Tokyo police said that the individual named Chen Xiao\u2019er on the U.S. sanctions list is the same person as the Hu Shi they now have in custody, and that a wider investigation into Prince Group and Hu\u2019s involvement is still underway.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Fall of an empire<\/h2>\n
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