Prince Group targeted with $15B crypto seizure and sanctions for pig butchering operations
- New sanctions target the Prince Group Transnational Criminal Organization, for its involvement in online scams such as pig butchering.
- Elliptic has identified crypto wallets associated with the newly-sanctioned entities, which have received transactions worth billions of dollars.
- Prince Group chairman Chen Zhi was also indicted in a U.S. court today, and has had $15 billion in Bitcoin seized.
On October 14, 2025 – In one of the largest coordinated actions of its kind, the US Department of the Treasury and the United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO) today took sweeping measures against a vast transnational criminal network based in Southeast Asia. As described in a Treasury press release, the actions…
