US OFAC Sanctions 45 Entities, Individuals Over Prince Group Crypto Scam
Summary
- The US Treasury Department’s OFAC designated 41 companies and four individuals for sanctions over cryptocurrency scams linked to Prince Group.
- Prince Group is accused of generating illicit funds worth billions of dollars through crypto investment scams and romance scams.
- The move marks the third US sanctions action tied to Prince Group, after earlier measures in October 2025 and June 2026.
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The US Treasury Department’s Office of Foreign Assets Control, or OFAC, has sanctioned 41 companies and four individuals over cryptocurrency scams linked to Prince Group, which US authorities have identified as being behind a large online fraud compound in Cambodia.
Crypto-focused media outlet Crypto Briefing reported on November 6 that OFAC had added a total of 45 Prince Group-linked companies and individuals to its sanctions list.
Prince Group is accused of generating billions of dollars in illicit funds through crypto investment scams and romance scams. The group has also been identified as being behind the operation of a large online fraud compound in Cambodia.
The latest action marks the third round of US sanctions tied to Prince Group. The US previously sanctioned individuals and companies linked to the group in October 2025 and June 2026.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.