The U.S. Department of Justice has announced the seizure of an account that provided backend infrastructure for a subsidiary of Cambodia's Huione Group. Prosecutors stated that the account assisted in operating the Telegram marketplace Huione Guarantee, which facilitates theft data, money laundering services, and tools for scam operations in Southeast Asia. Additionally, on the same day, FinCEN took action to extend the existing ban on Huione to its successor entity H-Pay Service PLC, to prevent the group from evading U.S. restrictions. According to court documents, the custodial services operated by the account also aided criminals, including money launderers, in cryptocurrency transactions. The case is currently under investigation by the FBI's San Francisco office and IRS Criminal Investigation.
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U.S. Department of Justice Seizes Account Linked to Billions in Money Laundering
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