Decrypt and CryptoBriefing both report a UK freeze on Thet Li's London penthouse but give different timelines for when the freeze occurred.
Decrypt and CryptoBriefing both report a UK freeze on Thet Li's London penthouse but give different timelines for when the freeze occurred.
What all sources agree on
- Thet Li is described as the alleged finance chief of Prince Group.
- The penthouse is valued at roughly £8.9-9 million, reported as about $12 million.
- The U.S. sanctioned Li in October 2025 alongside Prince Group founder Chen Zhi.
- A large Bitcoin forfeiture tied to Prince Group is underway in the US.
- The penthouse is located in London near St James's Park / overlooking Buckingham Palace.
Where the reports disagree
1When the penthouse freeze occurred
UK authorities have frozen a London penthouse overlooking Buckingham Palace that belongs to Thet Li, the alleged finance chief of Prince Group, The Times reported Sunday.
Decrypt 2026-10-12 10:12
The £9 million penthouse freeze in March 2026 falls under the UK’s sanctions push against the Prince Group.
CryptoBriefing 2026-10-12 10:17
What would settle it: The UK Land Registry freezing order record or the Foreign Office's published sanctions timeline for Thet Li.
2Size of the Bitcoin forfeiture tied to Prince Group
The U.S. has sought forfeiture of about $14 billion in Bitcoin tied to Prince Group, which denies any wrongdoing.
Decrypt 2026-10-12 10:12
The US Department of Justice moved to seize about 127,271 Bitcoin allegedly tied to the group’s activities, valued at approximately $15 billion.
CryptoBriefing 2026-10-12 10:17
What would settle it: The U.S. Department of Justice's forfeiture complaint or court filing specifying the Bitcoin amount and valuation.
What to make of it
Treat the existence and approximate value of the penthouse freeze on Thet Li as established, but the exact timing of that freeze — March 2026 versus a report tied to October 12, 2026 — is unresolved pending the Land Registry or Foreign Office record.
Treat the existence and approximate value of the penthouse freeze on Thet Li as established, but the exact timing of that freeze — March 2026 versus a report tied to October 12, 2026 — is unresolved pending the Land Registry or Foreign Office record.
Originally reported by AltcoinGordon, written by Ethan Mercer. Republished with permission.
View the original on AltcoinGordon →
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