According to Odaily's Planet Daily, OKX CEO Star stated in a post on the X platform that the Huione Group (Huiwang Group) has caused serious adverse effects in the cryptocurrency sector. In light of the potential risks, OKX has implemented strict anti-money laundering (AML) controls on transactions involving the group. All cryptocurrency deposits and withdrawals related to Huione will be subject to compliance investigations. Based on the results of the investigation, the platform may take measures such as freezing funds or terminating account services.

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), along with the UK's Foreign and Commonwealth Office (FCDO), today jointly sanctioned "Prince Group TCO" and 146 of its associates. Huione Group was also designated as a Specially Designated Person under Section 311 of the Patriot Act. Furthermore, the U.S. Department of Justice (DOJ) seized a record $15 billion in Bitcoin tied to a large-scale cryptocurrency scam in Southeast Asia.