Michael Saylor · Japan · DOJ · FBI · Bitcoin.com News
Alleged ‘Pig Butchering’ Prince Group Kingpin Hu Shi Arrested in Japan
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Hu Shi, linked to the Prince Group activities in Japan, was arrested on June 14 after being suspected of falsifying public records.
Key facts
- Japanese police believe that Hu, a Cyprus national, is one of the individuals affected by the Office of Foreign Assets Control (OFAC) designations issued in October 2025, when it labeled Prince Group
- Ringleader of Prince Group, Chen Zhi, was indicted on wire fraud and money laundering conspiracy charges, with the Department of Justice launching a forfeiture action of 127,271 bitcoin worth nearly
- Strategy founder Michael Saylor announced Monday that the company acquired 520 bitcoin for approximately $35 million, a noticeably smaller tranche…
- Hu Shi, linked to the Prince Group activities in Japan, was arrested on June 14 after being suspected of falsifying public records
Summary
Hu Shi of Prince Group was arrested on June 14, further tightening global enforcement against pig butchering rings. In 2025, the DOJ launched a 127,271- bitcoin forfeiture action against Prince Group, its largest action ever. After the rise in pig butchering scams, FBI Director Kash Patel targets crypto criminals. Hu Shi, believed to be one of the managers of Prince Group, an organization that allegedly ran one of the largest “pig butchering” scam centers in Cambodia, was arrested on June 14 in Japan.