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Britain and US crack down on Cambodia-based cyber fraud empire

11 Sept 12:05 Key points summarised by AI

Britain and the US have jointly sanctioned a multinational network operating large-scale online 'scam centres' in Cambodia, accused of using trafficked workers to defraud victims globally.
Chinese-Cambodian tycoon Chen Zhi, chairman of Prince Group, is identified as the 'mastermind' behind this cyber fraud empire, facing US charges for wire fraud and money laundering conspiracy.
The US seized over $14 billion in Bitcoin and charged Chen Zhi, highlighting the empire's vast scale in 'pig butchering' cryptocurrency scams, which defrauded victims of billions and laundered proceeds into luxury assets.
These international actions aim to dismantle a significant criminal enterprise deeply intertwined with Cambodia's elite, fundamentally changing the risk calculus for global financial entities interacting with the region.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.