DECRYPT · 2026-11-06 17:42 UTC

US Sanctions 45 More Targets Tied to Alleged Crypto Scam Empire Prince Group

The U.S. Treasury's OFAC sanctioned four individuals and 41 entities it says support Prince Group, a Cambodian conglomerate accused of running scam compounds that use trafficked workers in crypto investment and romance scams. The designations target offshore companies, nominee owners and administrators that Treasury says helped Prince Group executives conceal assets and evade earlier sanctions from October 2025 and June 2026. The U.S. is seeking forfeiture of about $14 billion in Bitcoin tied to Prince Group, and chairman Chen Zhi was arrested in Cambodia in January and extradited to China;…

Loading the story on Tree News…