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BTCC / BTCC Square / Global Cryptocurrency /
US Treasury Sanctions Huione Group Over Crypto Money Laundering Allegations

US Treasury Sanctions Huione Group Over Crypto Money Laundering Allegations

Author:
Global Cryptocurrency
Published:
2025-05-02 14:47:02
22
2

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has imposed sanctions on Cambodian-based Huione Group, accusing it of facilitating money laundering and pig-butchering romance scams involving cryptocurrency. The operation allegedly enabled North Korean hackers to process illicit funds while exploiting victims through fraudulent schemes.

Huione’s response—launching a proprietary stablecoin to bypass financial restrictions—highlights the escalating cat-and-mouse game between regulators and illicit crypto operators. The sanction severs the group’s access to the US financial system, reflecting Washington’s hardening stance against cross-border crypto-enabled financial crimes.

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