Prince Group
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U.S. seizes cloud account tied to HuiOne money laundering network
U.S. authorities seized a cloud account used by HuiOne Group subsidiaries and imposed new sanctions tied to Prince Group. Officials said the move targeted infrastructure that helped move billions of dollars from fraud and scam operations.
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UK sanctions Xinbi marketplace linked to Southeast Asian scam centres
The U.K. has sanctioned Xinbi, a Chinese-language marketplace accused of selling stolen data and cryptocurrency services to scam centres in Southeast Asia, and targeted the operators of a large scam compound known as #8 Park, as part of efforts to disrupt crypto-based money laundering and large-scale investment fraud.
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U.S. seizes $15 billion in Bitcoin, sanctions Southeast Asia cybercrime network tied to alleged Cambodian leader
U.S. authorities announced the seizure of 127,271 Bitcoin (about $15 billion) tied to Chen Zhi and unsealed an indictment alleging he ran the Prince Group, a Cambodia-based network of scam compounds linked to human trafficking and global fraud; coordinated U.S. and U.K. sanctions targeted people, businesses and the Huione Group.
