US Treasury sanctions Prince Group wallets holding $780M in BTC

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 25 wallets linked to Cambodia's Prince Group that hold a combined $780 million in BTC, DL News reported. Previously, the U.S. government seized 127,271 BTC in connection with the indictment of Prince Group Chairman Chen Zhi. The group is known for operating a large-scale fraud complex in Cambodia, through which it has amassed vast wealth.