US sanctions 41 firms tied to Prince Group's scam network
Treasury has named 41 companies it says hid ownership and kept the Prince Group's scam operations running, triggering US asset-blocking rules.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- The US Treasury sanctioned 41 companies linked to the Prince Group scam network.
- Treasury says the companies concealed ownership and helped sustain Prince Group operations.
- US rules require covered assets to be blocked.
- The available details are thin; the full list and any crypto links aren't in the material we have.
Treasury just sanctioned 41 companies it says kept the Prince Group's scam network humming. The accusation: these firms hid who really owned the operation and helped keep its activities alive.
What the sanctions do
Assets covered by the designations get blocked under US rules. In plain terms, anything the named companies hold under US jurisdiction is frozen, and American individuals and businesses can't deal with them. Period.
Look at the target. Treasury isn't only going after the people at the top. It's hitting the shell-style layers, the corporate scaffolding that makes a scam shop look like a legitimate business. That's the part you rarely see anyone touch.
What we don't know yet
The source material is thin. It doesn't name the 41 companies, say where they're based, or tell us whether any crypto addresses were listed. I'm not going to guess, and you shouldn't trust anyone who does. If wallet addresses or exchange accounts turn up in the full designation, that's when this lands squarely on the crypto industry.
Why it matters
Even if you're nowhere near a scammer, you've got a stake here. Exchanges and payment firms have to screen for blocked parties, and funds that touch a sanctioned entity can get frozen or flagged. Scam networks lean on layered company structures to move money, and Treasury is now going straight at that layer. The real question: does blocking company assets actually stop an operation built to dodge exactly that? Don't hold your breath.
Source: CryptoSlate
Top Crypto Casinos Right Now
🇩🇪 Showing sites that accept players from Germany Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: Phemex is a derivatives-first venue for Europe, Asia and Latin America. Good engine, mid-size liquidity, and a blocklist that grew in 2025.
- Online since
- 2019
- Licence
- Seychelles
- KYC
- Required
Restricted countries: United Arab Emirates, Afghanistan, Australia, Belgium, Bermuda, Belarus, Ontario (Canada), China and 18 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
Sofia Marek
Sofia reviews exchanges and crypto casinos, focused on fees, safety and what actually reaches the player.
