The U.S. Treasury, in collaboration with Chainalisys, took action against Huione, one of the largest enablers of crypto-money laundering operations for the Prince Group, a transnational criminal organization that targeted Americans with romantic fraud scams, also known as pig butchering operations.
-
Key Takeaways:
- OFAC sanctioned 26 entities linked to Prince Group, next blocking Huione from U.S. financial markets.
- Chainalysis reported Huione Guarantee processed $70B in crypto, forcing tighter P2P market rules.
- After a 5-year run, the FBI seized Huione’s cloud systems to dismantle global crypto scam markets.
US Treasury Hits Huione Group’s Crypto Money Laundering Cloud Infrastructure
The Trump Administration is intensifying its effort to…
