UK Court Seeks to Retain £10.6M in Seized Assets Linked to Prince Group
UK authorities are attempting to hold onto £10.6 million in luxury watches and jewelry seized from an individual allegedly connected to the Prince Group.
UK authorities are attempting to hold onto £10.6 million in luxury watches and jewelry seized from an individual allegedly connected to the Prince Group. XRP (XRP) is trading at $1.35. This is an original Token Times brief based on reporting by Cryptopolitan, with live market data added, as of Mon, 12 Oct 2026 23:00:01 UTC.
The case highlights the ongoing scrutiny of financial activities tied to major crypto-related entities and the potential use of luxury assets for money laundering or illicit transactions.
- UK authorities seek to retain £10.6M in seized watches and jewelry.
- Assets are linked to Thet Li, alleged finance chief of Prince Group.
- XRP ETF inflows reached $11.31M from October 5-9, with Bitwise as the primary contributor.
- XRP is currently testing the $1.32-$1.38 support zone.
UK authorities are currently in court seeking to retain £10.6 million in luxury watches and jewelry seized from Thet Li, who is alleged to be the finance chief of the Prince Group. The case underscores the ongoing efforts by regulatory bodies to monitor and control financial activities linked to major crypto-related entities.
The assets in question were seized as part of an investigation into potential illicit financial activities. The Prince Group, which has been associated with various crypto ventures, is under scrutiny for its financial operations and asset management practices.
In related market news, 
XRP ETF inflows reached $11.31 million from October 5-9, with Bitwise being the primary contributor to the demand. This comes as XRP tests the $1.32-$1.38 support zone, indicating potential market volatility and investor interest in the asset.
The broader crypto market is experiencing a downturn, with the total market cap at $2.85 trillion and 
Bitcoin down 1.10% in the last 24 hours. The Fear & Greed Index stands at 69, indicating a state of 'Greed' among investors.
XRP is currently priced at $1.35, having dropped 3.77% in the last 24 hours and 10.27% over the past week. Its market cap is $85.25 billion, reflecting the asset's significant position in the market despite recent fluctuations.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.35 to $1.35 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹139.52 (about $1.35), down 4.0% over 24 hours. The rupee itself trades about 6.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
UK Court Seeks to Retain £10.6M in Seized Assets Linked to P — questions & answers
What is the value of the seized assets?
The seized assets are valued at £10.6 million.
Who is Thet Li and why are the assets linked to them?
Thet Li is alleged to be the finance chief of the Prince Group, and the assets are linked to them as part of an investigation into potential illicit financial activities.
What is the current status of XRP?
XRP is testing the $1.32-$1.38 support zone and has seen ETF inflows of $11.31 million from October 5-9.
How much is 1 XRP worth in rupee today?
About ₹139.52 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.35. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.