U.S. and U.K. Take Largest Action Ever Targeting Cybercriminal Networks in Southeast Asia
$15 Billion in Bitcoin Sanctioned: U.S. and U.Ok. Take Largest Action Ever Targeting Cybercriminal Networks in Southeast Asia
Background
On October 14, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), and the U.Ok. Foreign, Commonwealth & Development Office (FCDO) take the largest-ever joint sanctions motion in opposition to cybercriminal networks working in Southeast Asia. The operation sanctioned 146 people and entities linked to the Prince Group Transnational Criminal Organization (Prince Group TCO) and introduced the seizure of 127,271 BTC — price roughly $15 billion USD — related to the group. At the identical time, FinCEN designated Cambodia-based Huione Group as a main cash laundering concern, successfully slicing it off from the U.S. monetary system.
