Advertise your business on DC Forecasts — click to learn more
DC Forecasts — Leading Digital Currencies
✉ Submit Press Release Advertise
WAIT MARKET WATCH
Connecting to price feed… USD · Refreshes every 60s
₿ BTC — 24h — ♦ ETH — 24h — ≋ SOL — 24h — ◆ BNB — 24h — X XRP — 24h —
All markets → Data: CoinGecko
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • How To Get Free Bitcoins
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
DC Forecasts
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • How To Get Free Bitcoins
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Submit Press Release Advertise ↗
DC Forecasts
Submit Press Release Advertise ↗
Advertise your business with DC Forecasts
ADVERTISEMENT

Treasury Hits 45 More Prince Group Targets as 127,271 Seized Bitcoin Await a Final Ruling

Andrew by Andrew
9 Nov 2026 • 02:48
in Bitcoin News, Regulation
Reading Time: 5 mins read
0
A gold coin with an abstract hexagon emblem locked at the centre of a round vault door, surrounded by a web of gold network lines with some links broken
152
SHARES
1.9k
VIEWS
Share on FacebookTwitterWhatsappGmail
Advertise your business with DC Forecasts
ADVERTISEMENT

The Prince Group just lost another layer of its corporate armour.

On November 5, the US Treasury’s Office of Foreign Assets Control sanctioned four individuals and 41 entities that it says kept the Cambodia-based network running after two earlier rounds of penalties.

That lifts the number of Prince Group-linked targets designated by OFAC to 226 since October 2025.

The timing matters for Bitcoin holders too. The US government still has custody of roughly 127,271 BTC that prosecutors tied to the group’s founder, worth about $9.5 billion at Sunday’s close.

ADVERTISEMENT

So where does this pressure campaign go next, and what could it mean for the largest Bitcoin forfeiture case in US history?

What Did Treasury Announce on November 5?

According to the Treasury press release, the new targets “support the business network” of the Prince Group Transnational Criminal Organization, which the US first sanctioned for cyber-enabled fraud, money laundering and human trafficking.

Treasury said the newly named people and companies helped the group keep operating by managing offshore structures, hiding beneficial ownership and serving its senior executives.

“Cyber scam syndicates continue to steal billions of dollars from American victims while relying on sophisticated international business networks to launder their illicit proceeds,” Treasury Secretary Scott Bessent said in the release.

In a separate designation the same day, OFAC also named Malaysian national Chui Kok Wa, who it says ran a Madagascar-based scam network that took more than $400,000 from Americans, including in digital assets.

DC Forecasts — explore advertising opportunities
ADVERTISEMENT

How Has the Prince Group Crackdown Grown?

This is the third major OFAC action against the network in just over a year.

The first, on October 14, 2025, hit 146 targets, including founder Chen Zhi. The second, on June 23, 2026, added nine individuals and 26 entities, including senior figures Chen Bo and Dai An.

Bar chart of OFAC sanctions on the Prince Group network by action: 146 targets on Oct 14, 2025, 35 on Jun 23, 2026 and 45 on Nov 5, 2026, for 226 in total
OFAC designations tied to the Prince Group network by action date. The November 5 round brings the total to 226. Data: US Treasury press releases of October 14, 2025, June 23, 2026 and November 5, 2026, retrieved November 9, 2026. Chart: DCForecasts.

We think the shape of that chart tells the story.

The first round went after the leadership and the obvious shell companies. The latest rounds are going after the people who kept the machine running once the headline names were blocked.

Who Is on the New Prince Group List?

The biggest cluster belongs to Qiu Yong, whom Treasury describes as a key member who controls British Virgin Islands and Hong Kong companies on the group’s behalf.

His 14 designated companies include two Hong Kong money lenders and a set of businesses linked to the wine trade. His personal assistant, Zhao Mengyao, was named as well.

Treasury also said that, after the October 2025 sanctions, Chen Bo transferred ownership of his Tokyo mansion to his wife, He Yujing, who was designated along with a Cambodian company she owns.

Associate Visal Pang, already sanctioned by the United Kingdom in March, was named with 11 Cambodian companies. Another 11 Cambodian firms that Chen Bo still controls, including an airline, an insurer and a lottery operator, were added too.

Horizontal bar chart of the 45 Prince Group designations on Nov 5, 2026 grouped by linked figure: Qiu Yong 16, Visal Pang 12, Chen Bo 11, Dai An 3, He Yujing 2, Thet Li 1
The 45 Prince Group designations of November 5, 2026, grouped by the person each company or individual is linked to in Treasury’s announcement. Data: US Treasury press release, November 5, 2026, retrieved November 9, 2026. Chart: DCForecasts.

What Happens to the 127,271 Seized Bitcoin?

When the Justice Department charged Chen Zhi in October 2025, prosecutors also filed a civil complaint seeking forfeiture of about 127,271 BTC, then valued at around $15 billion.

The department called it the largest forfeiture action in its history and said the coins were already in US government custody.

Based on Coinbase daily closing prices, that stash was worth about $14.4 billion on October 14, 2025, and about $9.5 billion on November 8, 2026, as BTC closed near $74,750.

As far as we can tell from public announcements, no final forfeiture order has been issued yet, so the coins remain in legal limbo.

Here is where it gets interesting. Under the March 2025 executive order that created the Strategic Bitcoin Reserve, BTC that is “finally forfeited” to the Treasury goes into the reserve, unless it is needed for specific legal funds or released, for example to verifiable crime victims.

The order also says Bitcoin deposited into the reserve “shall not be sold.”

Victim claims could take priority over part of the haul. Even so, the case puts a potentially large block of BTC on a path toward a long-term holder rather than the open market.

Why Is This Good News for Bitcoin’s Credibility?

We believe this case shows Bitcoin’s transparency working exactly as it should.

Every movement of those coins was recorded on a public ledger, which allowed investigators to follow the money and ultimately secure it.

Cash moved through shell companies and property transfers is far harder to trace, which is why Treasury is now peeling back that layer by hand.

The steady stream of enforcement actions, from Treasury’s sanctions on eight Canadian firms to the recent guilty plea by a former FBI agent over stolen crypto, shows US authorities separating criminals from legitimate users, which we see as a cleaner runway for institutional adoption.

What Should Investors Watch Next?

  • The forfeiture docket: a final order on the 127,271 BTC would be the clearest signal of whether the coins move toward the Strategic Bitcoin Reserve.
  • Victim remission: how much of the stash is set aside for victims will decide how much could stay in government hands.
  • More designations: with three rounds in 13 months, further action against the group’s remaining facilitators looks likely.

The Prince Group sanctions are tightening around the network’s money managers, while the bitcoin seized from its founder waits for a court to decide its fate.

If even part of that stash lands in a reserve that is barred from selling, that would be a striking outcome for a case that began with scam compounds and ended on Bitcoin’s own transparent ledger.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: Bitcoincryptosanctionstreasury
Share61Tweet38SendShare15
ADVERTISEMENT
Andrew

Andrew

Andrew is an editor at DC Forecasts, covering Bitcoin, altcoins, blockchain technology, and developments across the cryptocurrency market. His work focuses on breaking down complex topics into clear, accessible articles, helping readers understand the news and its implications for the wider crypto industry.

Related Posts

A gold coin with an abstract hexagon emblem sits where wide gold and blue light waves narrow into calm, flat lines
Analysis

Bitcoin Volatility Has Nearly Halved Since 2021. Is BTC Finally Growing Up?

09/11/2026
A gold Bitcoin coin leaning against a wooden gavel in front of the columns of a courthouse at dusk
Bitcoin News

Ex-FBI Agent Admits Taking $2.47M in Crypto From 35 Bureau Investigations

09/11/2026
A gold Bitcoin coin standing before the columns of a government building at dusk
Analysis

Bitcoin Rallied 48% Into the Highest Real 10-Year Treasury Yield Since 2008

09/11/2026
Rows of glowing server racks in a dark data center with a gold Bitcoin symbol reflected on the floor
Bitcoin News

Core Scientific Sold 3,374 Bitcoin as AI Colocation Revenue Jumped 14-Fold

09/11/2026
A polished gold Bitcoin coin in front of blurred trading screens on a dark navy background
Bitcoin News

Core CPI Holds Near 2.6% as Energy Runs 20% Hot Before Tuesday’s Data

08/11/2026
A glowing gold coin above a row of descending gold bars and a curved trend line on a dark navy background
Bitcoin News

CME Bitcoin Futures Shorts Drop 22% in a Week to Their Lowest Since 2023

08/11/2026

Discussion about this post

THE CRYPTO BRIEF

Stay ahead.

NEWS

Loading the latest stories…

Explore more news ↗
ADVERTISEMENT

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Facebook Twitter Google+ Instagram Youtube
DC Forecasts

Explore the world of crypto

Stay informed with cryptocurrency news, market updates and analysis. Explore Bitcoin, Ethereum and the stories shaping digital finance.

Advertise with us  ↗ Submit Press Release

Discover more

Find your next story.

Search cryptocurrency news, market analysis and updates from across the digital economy.

Explore cryptocurrency prices →

Connect with us

DC Forecasts Services

About us Advertise Submit Press Release Press & Media Events Free Widgets Career enquiries Partnership enquiries
Contact our team ↗

© 2026 DC Forecasts · All rights reserved. Terms & Conditions Privacy Policy Cookies Comments Policy Sitemap Newsletters AdChoices Facebook X / Twitter Instagram YouTube Google Maps

No Result
View All Result
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • How To Get Free Bitcoins
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • Newsletter
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • Widgets
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
9 Monday November 2026

© 2026 DC Forecasts · All rights reserved. Terms & Conditions Privacy Policy Cookies Comments Policy Sitemap Newsletters AdChoices Facebook X / Twitter Instagram YouTube Google Maps