UK freezes $12M London penthouse of alleged Prince Group finance chief

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The UK has frozen a London penthouse worth £9 million (approximately $12 million) linked to Thet Li, the alleged finance chief of the Prince Group. This group is accused of running crypto scam networks from Cambodia using forced labor to target victims worldwide. The United States sought to seize approximately 127,271 Bitcoin valued at $15 billion, marking the largest Bitcoin forfeiture in US history. Prince Group founder Chen Zhi was indicted on wire fraud and money laundering charges. This UK action is part of a coordinated international crackdown, with Hong Kong also freezing approximately HK$8.9 billion in assets connected to Chen and Li.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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