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Questions swirl around US plans for record $15B Prince Group crypto seizure

Questions swirl around US plans for record $15B Prince Group crypto seizure

The U.S. Justice Department last October announced the largest asset seizure in American history: a cache of bitcoin then valued at $15 billion tied to the Cambodia-based Prince Group that prosecutors alleged oversaw an empire of human trafficking and industrial-scale scamming.

The news offered a rare glimmer of hope for victims of sophisticated cryptocurrency scams. In part due to the ease of laundering cryptocurrencies, these victims have had a notoriously difficult time recovering their lost life savings or even getting law enforcement to begin tracing such funds.

“By dismantling a criminal empire built on forced labor and deception, we are sending a clear message that the United States will use every tool at its…

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