US Sanctions 45 More Targets Linked to Alleged Prince Group Crypto Scam

The U.S. Treasury Department has sanctioned 45 additional individuals and companies linked to the alleged Prince Group crypto scam empire, targeting offshore entities accused of helping its executives hide assets.

The Office of Foreign Assets Control (OFAC) announced the new sanctions on November 6, 2026. The action focuses on a network of offshore companies and associates that U.S. authorities say were used by Prince Group executives to conceal assets and evade previous sanctions.

The Prince Group is described by U.S. officials as a large-scale cryptocurrency scam operation. The latest sanctions aim to disrupt the financial infrastructure allegedly supporting the group’s activities by cutting off access to the U.S. financial system.

This expansion of sanctions follows earlier U.S. actions against the group and reflects a continued regulatory focus on illicit finance within the cryptocurrency sector. The Treasury Department stated the move underscores its commitment to targeting the enablers of major crypto fraud schemes.