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BTCC / BTCC Square / Global Cryptocurrency /
US Blacklists Cambodia’s Huione Group Over $4B Crypto Laundering Allegations

US Blacklists Cambodia’s Huione Group Over $4B Crypto Laundering Allegations

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-02 21:23:01
0

The US Treasury has designated Cambodia’s Huione Group as a primary money laundering concern, alleging the firm facilitated over $4 billion in illicit transactions tied to cybercrime. FinCEN uncovered links between Huione and North Korean hackers, cryptocurrency scams, and online fraud networks.

Authorities note this marks the latest escalation in global enforcement against crypto-enabled financial crime. Cambodia, Google, and blockchain analytics firm Elliptic had previously taken action against Huione after confirming its role in criminal operations.

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