The US and UK have targeted a multinational network based in south-east Asia accused of running large-scale online scam operations. The Prince Group, led by Chen Zhi (“Vincent”), has been sanctioned for allegedly using trafficked workers to defraud people worldwide. Authorities claim Chen has directed forced labour scam compounds across Cambodia, with billions stolen from victims globally. The sanctions include freezing $15bn in bitcoin and seizing London assets worth £11.3bn. Experts warn the scam industry remains massive, with tens of thousands of people involved in online scams across south-east Asia.
Source: https://www.theguardian.com/world/2025/oct/17/chen-zhi-prince-group-cambodia-cyber-crime-sanctioned