US and UK Crack Down on Southeast Asian Crypto Scam Network
TL;DR
Cambodia's government hopes the US and UK have sufficient evidence as they pursue sanctions against Prince Holding Group and Chen Zhi, accused of running online scams and using forced labor, with Chen remaining at large and facing serious charges in the US. The governments have imposed sanctions and frozen assets, highlighting the group's alleged involvement in transnational crime, while Cambodia emphasizes its legal compliance and willingness to cooperate with evidence-backed requests.
- Cambodia urges a fair process as US and UK pursue Prince Group's Chen Zhi in a global scam case AP News
- Feds seize $15 billion in crypto from ‘pig butchering’ scheme involving forced labor camps CNN
- Billions in bitcoin seized by DOJ from massive 'pig butchering' crypto scam in Cambodia Fox Business
- U.S. charges Cambodian tycoon in massive alleged cryptocurrency scam NPR
- US, UK sanction huge Southeast Asian crypto scam network Al Jazeera
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