41 companies. 4 people. This round of sanctions isn’t targeting the bosses—it’s targeting the people who move money for them 🦖
📣 盘面异动群里喊
On November 6, the U.S. Treasury imposed a new round of sanctions on 4 individuals and 41 entities linked to the transnational criminal organization Prince Group.
The list names four people: Qiu Yong, Zhao Mengyao, He Yujing, and Pang Weizhi. Behind them is a network of offshore shell companies.
The Treasury’s message is direct: it is targeting efforts to evade previous sanctions by hiding assets through offshore companies, nominee arrangements, and affiliated businesses.
Qiu Yong is accused of representing Prince Group in controlling multiple companies in the British Virgin Islands and Hong Kong.
Zhao Mengyao is his personal assistant.
He Yujing is the wife of Chen Bo, a previously sanctioned Prince Group executive. Chen transferred a luxury home in Tokyo into her name.
Pang Weizhi controls 11 Cambodian companies.
Four people, 41 entities, 11 Cambodian companies, plus a string of registered addresses in the British Virgin Islands and Hong Kong—that’s the entire framework of a nominee network ⚖️
The previous round of sanctions targeted names. This round targets connections.
Once a boss is added to the list, the assets don’t disappear. They just get transferred to someone else.
An assistant. A spouse. A company with no business activity.
So the real significance of this list isn’t the 4 people—it’s the 41 entities.
It shows you how the money is split up and hidden: real estate, equity, board seats, layer upon layer.
The connection to crypto appears in another announcement issued the same day.
The Treasury also sanctioned a Malaysian national, Chui Kok Wa, accusing him of organizing a digital asset scam in Madagascar that defrauded U.S. victims of more than $400,000.
Scam compounds, telecom fraud, digital assets—three terms appearing in the same document. Regulators are now treating them as links in a single money trail 💸
For exchange compliance departments, this list is a freeze order.
But for the sanctioned network, the real choke point is on-chain.
The list provides company names and people, but no addresses.
As long as money can still be converted into stablecoins, the paper blockade only blocks names.
That’s also why over-the-counter premiums briefly rise after every round of sanctions: some people are rushing to swap their names for bearer assets ⚠️
The takeaway for ordinary people is even simpler.
If someone offers to buy your USDT at a price clearly above market and asks you to transfer the coins first, they’re probably not doing you a favor—they’re looking for a way out.
The longer the list gets, the more high-premium counterparties like this you’ll see.
Have you ever come across an intermediary offering to buy USDT at a high price? Share your experience in the comments.
Tap the profile picture to watch the livestream.
Every day, we bring you the latest crypto regulatory developments—not just what’s happening, but the logic and opportunities behind the headlines 👀🚀
📣 盘面异动群里喊
On November 6, the U.S. Treasury imposed a new round of sanctions on 4 individuals and 41 entities linked to the transnational criminal organization Prince Group.
The list names four people: Qiu Yong, Zhao Mengyao, He Yujing, and Pang Weizhi. Behind them is a network of offshore shell companies.
The Treasury’s message is direct: it is targeting efforts to evade previous sanctions by hiding assets through offshore companies, nominee arrangements, and affiliated businesses.
Qiu Yong is accused of representing Prince Group in controlling multiple companies in the British Virgin Islands and Hong Kong.
Zhao Mengyao is his personal assistant.
He Yujing is the wife of Chen Bo, a previously sanctioned Prince Group executive. Chen transferred a luxury home in Tokyo into her name.
Pang Weizhi controls 11 Cambodian companies.
Four people, 41 entities, 11 Cambodian companies, plus a string of registered addresses in the British Virgin Islands and Hong Kong—that’s the entire framework of a nominee network ⚖️
The previous round of sanctions targeted names. This round targets connections.
Once a boss is added to the list, the assets don’t disappear. They just get transferred to someone else.
An assistant. A spouse. A company with no business activity.
So the real significance of this list isn’t the 4 people—it’s the 41 entities.
It shows you how the money is split up and hidden: real estate, equity, board seats, layer upon layer.
The connection to crypto appears in another announcement issued the same day.
The Treasury also sanctioned a Malaysian national, Chui Kok Wa, accusing him of organizing a digital asset scam in Madagascar that defrauded U.S. victims of more than $400,000.
Scam compounds, telecom fraud, digital assets—three terms appearing in the same document. Regulators are now treating them as links in a single money trail 💸
For exchange compliance departments, this list is a freeze order.
But for the sanctioned network, the real choke point is on-chain.
The list provides company names and people, but no addresses.
As long as money can still be converted into stablecoins, the paper blockade only blocks names.
That’s also why over-the-counter premiums briefly rise after every round of sanctions: some people are rushing to swap their names for bearer assets ⚠️
The takeaway for ordinary people is even simpler.
If someone offers to buy your USDT at a price clearly above market and asks you to transfer the coins first, they’re probably not doing you a favor—they’re looking for a way out.
The longer the list gets, the more high-premium counterparties like this you’ll see.
Have you ever come across an intermediary offering to buy USDT at a high price? Share your experience in the comments.
Tap the profile picture to watch the livestream.
Every day, we bring you the latest crypto regulatory developments—not just what’s happening, but the logic and opportunities behind the headlines 👀🚀