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US Sanctions 45 Additional Targets Linked to Alleged Crypto Scam Network Prince Group

(5 hours ago) · 2 sources · Summarized by CryptoBipto

The United States has imposed sanctions on 45 more individuals and entities connected to Prince Group, an alleged crypto scam empire. The action expands previous enforcement efforts targeting the network, which is accused of running large-scale cryptocurrency fraud operations.

WHY IT MATTERS

When the US government sanctions someone, it essentially cuts them off from the American financial system.

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SOURCES

  • decrypt.co
  • thedefiant.io

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SanctionsCrypto FraudOFACLaw EnforcementConsumer Protection