BTCC
/
BTCC Square
/
Global Cryptocurrency
/
US Treasury Moves to Isolate Huione Group Over Alleged Crypto Crime Ties
US Treasury Moves to Isolate Huione Group Over Alleged Crypto Crime Ties
15
1
The US Treasury Department is taking decisive action against Cambodia’s Huione Group, aiming to sever its access to the US banking system. Authorities allege the company facilitated money laundering for North Korea’s Lazarus Group, which has siphoned billions through cryptocurrency thefts.
FinCEN’s proposed prohibition, announced May 1, would bar US financial institutions from maintaining correspondent accounts for Huione. Treasury Secretary Scott Bessent characterized the group as a preferred platform for cybercriminals, emphasizing this measure will disrupt illicit fund flows.
By:
Previous
Deribit Exchange Sees $3 Billion Bitcoin and Ethereum Options Expire as Bullish Sentiment Builds
Next
Nasdaq-Listed Fr8Tech Invests $1 Million in Politically Charged TRUMP Tokens
