Tag: Huione

The U.S. Treasury Department is targeting the Cambodia-based Huione Group over allegations of laundering billions in illicit cryptocurrency, including funds connected to North Korea's Lazarus Group. They propose cutting the firm off from the American financial system. Announced on May 1 by the Treasury’s Financial Crimes Enforcement Network (FinCEN), the ...

Blockchain analytics firm Elliptic has released a report alleging that Cambodia-based crypto marketplace Huoine Guarantee is involved in facilitating money laundering and other illicit activities. The report, published on Wednesday, July 10, 2024, claims that Huoine Guarantee has played a role in laundering proceeds from global scams. Transactions linked to ...