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Feds Seize Record-Breaking $15 Billion in Bitcoin From Alleged Scam Empire

Matt Burgess, Andy Greenberg

created: Oct. 14, 2025, 5:34 p.m. | updated: Oct. 17, 2025, 10:10 a.m.

The US Treasury Department’s Office of Foreign Assets Control (OFAC) announced it has issued financial sanctions against 146 “targets” linked to the newly designated Prince Group Transnational Criminal Organization. This action includes targeting individuals and shell companies linked to the alleged criminal enterprise. This Prince Group organized crime entity, OFAC says, is made up of the Prince Holding Group, a Cambodia-based company, its chairman and CEO Chen Zhi, and his associates and business partners. The UK also placed financial sanctions on Chen, the Prince Group, and other linked entities. A WIRED email to an address listed as a media contact on the Prince Holding Group website immediately bounced back.

6 days, 7 hours ago: WIRED