In October 2025, a major cross-border money laundering case shook the cryptocurrency world. The U.S. Department of Justice seized $15 billion worth of Bitcoin from the Prince Group—approximately 127,000 BTC—setting a new record in global digital asset enforcement history. Meanwhile, law enforcement agencies in the UK, Singapore, Taiwan, Hong Kong, and South Korea coordinated efforts to freeze properties, yachts, supercars, and numerous securities accounts linked to the group.

The central figure in the case is 37-year-old Fujian native businessman Su Binghai. This mysterious billionaire, who previously purchased three dinosaur fossils at Christie's London for 12.4 million pounds, is actually involved in a money laundering network worth up to 3 billion SGD in Singapore. Investigations reveal that the Prince Group’s funding sources are complex, with large amounts of illicit money flowing through digital currency channels.

Notably, besides Bitcoin, Litecoin frequently appears in such cases. Why do black market organizations favor LTC?

First is the advantage of recognition. Litecoin is widely accepted in Chinese-speaking regions, with high liquidity, making OTC transactions and transfers relatively convenient. Second, it offers optional privacy-enhancing features that can somewhat obscure fund trails. More importantly, there has been no large-scale seizure of Litecoin by the U.S. government to date, which makes it a relatively "safe" choice in certain circles.

Of course, this so-called safety is an illusion. As on-chain analysis technology advances and international law enforcement cooperation deepens, any attempt to launder money using cryptocurrencies faces increasing tracking risks. This case once again reminds us: technology itself is neutral, but misuse of technology will ultimately come at a cost. The anonymity of digital assets is not a passport to escape legal consequences.