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UK freezes assets of Thet Li amid US Bitcoin forfeiture linked to Prince Group fraud case

Market News
12 Oct 2026
Tokenpost
View Source
Bearish
UK freezes assets of Thet Li amid US Bitcoin forfeiture linked to Prince Group fraud case

The United Kingdom has frozen the assets of Thet Li, accused by UK and US authorities of managing finances for the Prince Group network. The sanctions, effective March 26, include an asset freeze, travel ban, and director disqualification. The US Justice Department is pursuing forfeiture of about 127,271 Bitcoin, valued at $15 billion in 2025, linked to wire-fraud and money-laundering conspiracies involving forced labor scams in Cambodia. This case highlights ongoing international efforts to target illicit finance in cryptocurrency and human trafficking schemes.

Thet Li asset freeze case is presented with Pluang's market snapshot as of Oct 12, 2026 16:41 WIB: 37 of 50 major cryptocurrencies rose today. ZIL (Zilliqa) gained 5.77% to Rp67, while CAKE (PancakeSwap) increased 4.96% to Rp42,700. ONE (Harmony) fell 5.80% to Rp34 with a typical hold time of 152 days on Pluang.

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