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US and UK Sanction Prince Group Over Crypto Fraud Network

US and UK Sanction Prince Group Over Crypto Fraud Network

Author:

Global Cryptocurrency

Published:

2025-10-15 06:35:02

20

2

BTCCSquare news:

Authorities in the United States and the United Kingdom have jointly sanctioned the Prince Group, a network accused of orchestrating large-scale cryptocurrency fraud. The group, led by Chen Zhi, allegedly exploited Cambodia's vulnerable workforce while engaging in financial crimes and human rights violations.

The US Treasury and UK Foreign Office targeted entities like Huione Group and Byex Exchange, which facilitated billions in laundered crypto transactions. This crackdown highlights growing international efforts to combat cross-border crypto crimes.

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