The US Treasury has sanctioned 45 individuals and entities linked to Prince Group over their alleged involvement in cryptocurrency scams.

The Office of Foreign Assets Control (OFAC) identified four individuals and 41 entities in the action.

“Cyber scam syndicates continue to steal billions of dollars from American victims,” US Treasury Secretary Scott Bessent said in a statement.

The targets allegedly helped conceal ownership, manage offshore companies and provide financial services to Prince Group executives.

The Treasury linked the organisation to digital asset investment scams, romance scams and other online fraud schemes.

Many operations allegedly rely on scam compounds across Southeast Asia, where trafficked and coerced workers…