Search results for "CROWN"

Is there a connection between it and the Crown Prince Group? While a cryptocurrency resort project in Timor-Leste is underway, the construction site is left completely empty.

Timor-Leste’s “crypto cryptocurrency resort” plan is reportedly related to a scam network run by the Cambodian royal family group that has been sanctioned by the United States; on-the-ground investigations found the site to be empty land. The royal family group is accused of carrying out large-scale online fraud, with victims worldwide. The investigation has raised concerns within the Timor-Leste government, which said the country faces the risk of transnational crime.
CryptoCity·04-08 17:01

Is there a connection between it and the Crown Prince Group? While the cryptocurrency resort project in Timor-Leste is moving forward, the construction site is empty and contains nothing.

Timor-Leste’s “cryptocurrency resort” project is believed to be connected to a Cambodian prince group scam network that is subject to U.S. sanctions. On-site investigation found the location to be an empty lot. The prince group has been accused of carrying out large-scale online fraud, with victims worldwide. The investigation prompted concern from the Timor-Leste government, which said the country faces the risk of transnational crime.
CryptoCity·04-08 10:59

Bloomberg: Prince Group's Chen Zhi Demands NY Court "Return All Bitcoins," The Complete Record of a Money Laundering Empire's Fall

Bloomberg investigation reveals that Cambodian Crown Prince Group founder Chen Zhi has built a "pig slaughter" scam empire that earns 30 million USD daily through political and business connections. The empire ultimately collapsed after the United States confiscated 127,271 Bitcoins. Chen Zhi's criminal activities and international sanctions demonstrate the size and influence of his organization. Although he was arrested and extradited to China, the residual impact of the scam industry continues.
BTC1,09%
動區BlockTempo·03-11 06:25

Northern District Prosecutors' Office concludes Prince Group case: sentences Chen Zhiqiu to the maximum penalty, seizes 5.5 billion luxury homes and luxury cars

Taipei District Prosecutors Office concludes the investigation of the Cambodian Crown Prince Group money laundering case, indicting 62 defendants and 13 companies, involving over 10.7 billion yuan. The prosecution confiscated assets such as luxury homes and luxury cars, totaling more than 5.5 billion yuan. The group engaged in money laundering through gambling and virtual assets, and the prosecution is seeking the maximum penalty for the mastermind, Chen Zhiqiu.
ChainNewsAbmedia·03-04 06:59

The truth behind the LUNA crash? Someone predicted the $40 billion evaporation 10 minutes in advance

Written by: Cosmic Wave Naruto, Deep Tide TechFlow In May 2022, $40 billion evaporated within 72 hours. It was the most devastating crash in the history of cryptocurrency. Once hailed as the "crown jewel of algorithmic stablecoins," UST plummeted from $1 to worthless paper within days; Luna, which had a market cap of nearly $40 billion, fell from a high of $116 to nearly zero. Millions of ordinary investors lost their savings that early summer. They kept refreshing their screens, staring at the continuously falling candlestick chart, clueless about what was happening or what to do. The official explanation came quickly: the algorithm was flawed, Do Kwon lied, and the market naturally died. Most people accepted this answer, attributing the catastrophe to "another lesson in the crypto world," and then moved on. This explanation held for nearly four years.
LUNA0,67%
CRV1,82%
BTC1,09%
PANews·02-25 04:38