A year after the Department of Justice filed the largest crypto forfeiture in its history â” 127,271 bitcoin tied to the alleged Prince Group scam empire â” the crackdown is still escalating. On October 12, the U.S. and U.K. launched their largest-ever joint action against Southeast Asian cybercriminal networks: 146 targets sanctioned, Huione Group cut off from the U.S. financial system, and Britain froze a $24 million London mansion linked to the group’s alleged finance chief. Founder Chen Zhi was indicted in New York on wire fraud and money laundering conspiracy charges over alleged forced-labor ‘pig-butchering’ compounds in Cambodia. He remains at large and has not been convicted â” these are allegations, not proof of guilt. Sources: U.S. Department of Justice (Oct 14, 2025, via AP
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