PANews
PANews|Jun 24, 2026 00:03
[U.S. Department of Justice Seizes Cloud Computing Account Used by Huione Group for Laundering Billions in Crypto Scam Proceeds] According to The Block, the U.S. Department of Justice has seized a cloud computing account used by Cambodia-based Huione Group, which is accused of laundering billions of dollars in cryptocurrency scam proceeds. Assistant Attorney General A. Tysen Duva stated that the account served as a technical backbone, enabling the transfer and concealment of scam funds through Southeast Asian fraud hubs. This action is part of 'Operation Rapid Flow.' Last year, the U.S. Financial Crimes Enforcement Network designated Huione Group as a primary money laundering concern. The statement alleges that Huione subsidiaries assisted criminals in transferring funds from investment scams, cyber theft, and other blockchain-related illegal activities, which were ultimately funneled into legitimate banking systems. A significant portion of the thefts is reportedly linked to North Korea.
+2
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads