Federal authorities in the United States and elsewhere over the past year have moved to interrupt the laundering of billions in cryptocurrency stolen through myriad global cyberscam operations, from nation-state fraud schemes to virtual romance and similar financial scams.

The U.S. Treasury Department last year targeted the Huione Group, a Cambodian conglomerate whose various subsidiaries are accused of helping to launder illicit crypto for North Korean-linked threat groups and other criminal entities, by designating it as a primary laundering concern, sanctioned The Prince Group – another Cambodian conglomerate – and released an advisory outlining the activities of such Chinese operations.

In November 2025, the U.S. Justice…