Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
Huione Group, the Cambodia-based conglomerate that the U.S. Treasury Department wants to cut out of the U.S. financial system, received $98 billion worth of crypto since 2014 through illicit schemes like money laundering, pig butchering and online scams, according to blockchain security firm Elliptic.
The company, which has links to the Asian country’s ruling Hun family, runs a Telegram-based marketplace where users can purchase personal data, money laundering services and even electric shackles intended for use on human beings.
“Huione Group has come under intense scrutiny this week, with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) identifying the Cambodia-based conglomerate as an entity [of] primary money…
