On November 5, 2026, the Office of Foreign Assets Control sanctioned four individuals and 41 entities linked to the alleged crypto scam operations of Prince Group, a transnational network based in Cambodia. The designated entities operate across the British Virgin Islands, Hong Kong, Cambodia, Singapore, Mauritius and Malaysia. The US Treasury alleges that the network generates billions of dollars in illicit funds through digital asset investment scams and romance scams. It also sanctioned Chui Kok Wa, a Malaysian national accused of running a fake NFT scam network in Madagascar that stole more than $400,000 from Americans. The measures require exchanges, custodians and payment firms to screen 46 additional people and entities for compliance.
Source: Read the original article
