US Department of Justice Seizes Huione Account Allegedly Laundering Billions of Dollars

Odaily Planet Daily News: The US Department of Justice announced the seizure of an account that provided backend infrastructure for a subsidiary of Cambodia's Huione Group. Prosecutors stated that the account helped operate the Telegram marketplace Huione Guarantee, which matched stolen data, money laundering services, and tools for Southeast Asian scam operations.

Additionally, on the same day, FinCEN took action to extend the existing Huione ban to its successor entity, H-Pay Service PLC, to prevent the group from circumventing US restrictions. According to court documents, the custody service operated by the account also assisted criminals, including money launderers, in cryptocurrency transactions. The case is currently being jointly investigated by the FBI's San Francisco office and IRS Criminal Investigation. (decrypt)