Crypto scam empire Huione was dismantled by Telegram in what appears to be one of the largest crackdowns on cryptocurrency fraud this year. Telegram reportedly shut down channels through which the scheme operated. However, this move did not completely put an end to the platform’s operations, as rival messaging apps quickly absorbed the ‘displaced’ criminal […]
Huione
U.S. Cracks Down on Cambodia’s Huione Group for $4B Crypto Money Laundering Scheme
The U.S Treasury Department has disconnected Cambodia’s Huione Group from the U.S financial system. The U.S sanctioned Huione Group for their involvement in crypto money laundering operations. The Financial Crimes Enforcement Network (FinCEN) states that Huione laundered about $4 billion in crypto since 2021 which includes funds from North Korean hackers and online fraud. Huione […]