Cambodia freezes nearly $1B in Prince Group assets
- —Frozen assets include buildings, casinos and thousands of properties worth about $1 billion
- —198 affiliated companies identified: 98 in Cambodia and 100 overseas
- —Court issued arrest warrants for 32 people; four more under judicial supervision
- —Some buildings and casinos are suspected of being used for cyber fraud
Why it matters: The case could become one of Southeast Asia's largest seizures of assets tied to crypto fraud and set a precedent for confiscation.
Source: PANews