Cambodia Freezes Nearly $1 Billion in Prince Group Assets, 198 Associated Companies Exposed
The Cambodian court has frozen nearly $1 billion in assets related to the Prince Group case, involving buildings, casinos, and thousands of real estate properties. Investigations reveal that there are as many as 198 associated companies, with 98 located in Cambodia and 100 distributed overseas. The freezing of assets does not mean formal confiscation; the Cambodian authorities are exploring legal management and disposal methods, including state management or applying for final confiscation, with the final outcome to be decided by the court. Cambodian Minister of State Chhay Than stated that the investigation has been ongoing for months, and law enforcement suspects that some associated companies' buildings and casinos are used for online fraud activities. Currently, the court has issued arrest warrants for 32 individuals involved in the case, and another 4 are under judicial supervision.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Janus Henderson Launches Tokenized Nasdaq-100 Fund JQQQ on Stellar

KeyPal to Clear Unnecessary Personal Information Within 15 Days After Order Completion

Solana DEX Market Share at 38%, Continues Price Decline

China's Daily Token Call Volume Exceeds 500 Trillion

Yushu Technology's Net Profit Decreased by 17.37% in the Third Quarter

Another Privacy Chain! What Makes Miden Different This Time?

Ripple and DriveWealth Link Stablecoin Settlement to Global Brokerage

APX Lending Plans to Launch Bitcoin-Backed Home Loans in 2027

Hacker Leaks Information of 40,000 Employees from the U.S. Department of Homeland Security via Okta

Utah Charges Calci with Criminal Indictment for Promoting Illegal Gambling

SEC Crypto Custody Proposal Could Expand Options for Advisers and Funds

Diva Staking Announces Gradual Shutdown, Funds Expected to Run Out by 2024

Bitcoin Exchange Outflows Improve to 12,702 BTC, Analysts Maintain Neutral Position

DigitalX reports 5.3x growth in tokenized stocks, urges South Korea to update regulations

U.S. Could Soon Expand Its Bitcoin Reserve

Swiss FINMA Approves First Domestic Retail Bitcoin ETF

Bessent: Additional Rate Hikes by U.S. Treasury Secretary Not a Mistake

XRP Ledger Foundation Adds Flare to Validator List

Samsung Wallet Prepares USDC Transfers on Solana for US Galaxy Users

Ipsos Survey Shows 22% of Americans Have Held Cryptocurrency, Annual Usage Rate Steady at 13%

Millennium Explores Investment Signals Using Prediction Market Data

Solana Breakpoint London Adds Revolut Chair and Former UK Leaders

Three Vulnerabilities Discovered in Bitcoin Core

Crypto: The French tax authorities could receive data from foreign platforms

Fraudsters Use ECB Name to Deceive About Digital Euro

CFTC to Hold Roundtable on 24/7 Trading Mechanism on December 15

CFTC to Hold Roundtable on 24/7 Trading Mechanism for Derivatives Market on December 15

Solana Alpenglow Goes Live, Targeting 150-Millisecond Finality

Telegram Emoji Sticker Zero-Click Vulnerability Allows Code Execution on iOS








