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flag U.S. and UK sanctions target Prince Group scam network, seizing $14B in Bitcoin and freezing £100M in London properties.

flag The U.S. and UK have imposed sweeping sanctions on the Prince Group, a Southeast Asian criminal network operating scam centers in Cambodia, Myanmar, and other countries, using trafficked workers to conduct global cryptocurrency fraud. flag The U.S. targeted 146 individuals, including alleged mastermind Chen Zhi, and filed the largest forfeiture action in history, seizing over $14 billion in Bitcoin. flag The UK froze 19 London properties worth more than £100 million. flag The network used fake job ads to lure victims into forced labor, running “pig butchering” scams that generated up to $30 million daily. flag Funds were laundered through gambling and mining, used to buy luxury assets. flag The operation, active since around 2015, allegedly used bribery and political influence to sustain itself across over 30 countries.

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