CNA938 Rewind - Inside the $15B Cambodia crypto scam that pulled in Singapore firms
The US Treasury sanctioned three Singaporeans and 17 Singapore-registered entities for allegedly aiding a massive Cambodia-based crypto scam network tied to Prince Holding Group. The sanctions, covering about US$15 billion in bitcoin, mark the largest asset seizure in US history. Most of the sanctioned Singapore companies were shell firms allegedly used to launder illicit funds through cross-border networks. Andrea Heng and Hairianto Diman find out more with Angela Ang, Head of Policy and Strategic Partnerships at APAC TRM Labs.