{"id":74600,"date":"2026-06-26T20:24:49","date_gmt":"2026-06-26T20:24:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-treasury-hits-huione-group-in-sweeping-push-against-global-cyber-fraud\/"},"modified":"2026-06-26T20:24:49","modified_gmt":"2026-06-26T20:24:49","slug":"us-treasury-hits-huione-group-in-sweeping-push-against-global-cyber-fraud","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-treasury-hits-huione-group-in-sweeping-push-against-global-cyber-fraud\/","title":{"rendered":"US Treasury Hits Huione Group in Sweeping Push Against Global Cyber Fraud"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">OFAC sanctioned 26 entities linked to Prince Group, next blocking Huione from U.S. financial markets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Chainalysis reported Huione Guarantee processed $70B in crypto, forcing tighter P2P market rules.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">After a 5-year run, the FBI seized Huione\u2019s cloud systems to dismantle global crypto scam markets.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>US Treasury Hits Huione Group\u2019s Crypto Money Laundering Cloud Infrastructure<\/h2>\n<p>The Trump Administration is intensifying its effort to fight groups that target Americans and those who facilitate the laundering of proceeds of these operations.<\/p>\n<p>The U.S. Treasury announced it took action against Huione Group, a financial services conglomerate based in Cambodia that served as an enabler of the Prince Group, a transnational criminal organization (TCO) that <a href=\"https:\/\/news.bitcoin.com\/alleged-pig-butchering-prince-group-kingpin-hu-shi-arrested-in-japan\/\">operates<\/a> compounds in Asia targeting Americans with romantic fraud scams known as pig butchering operations.<\/p>\n<p><\/p>\n<p>On Tuesday, the Office of Foreign Assets Control (OFAC) <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0538\" target=\"_blank\" rel=\"noopener noreferrer\">designated<\/a> nine individuals and 26 entities linked to Prince Group, with the Financial Crimes Enforcement Network (FinCEN) amending an earlier rule to include H-Pay Service and any successor entities to it, which ordered \u201c<strong>a prohibition on covered financial institutions from opening or maintaining a correspondent account for, or on behalf of, Huione Group in order to guard against the money laundering risks to the U.S. financial system posed by Huione Group.\u201d<\/strong><\/p>\n<p><strong>\u201cThe Trump Administration is united in its efforts to dismantle these overseas criminal enterprises, and Treasury will continue using its tools to disrupt the networks behind this egregious fraud and protect Americans,\u201d<\/strong> said Secretary of the Treasury Scott Bessent.<\/p>\n<p>In addition, the FBI seized the infrastructure used by Huione to scam Americans. Chainalysis, a <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> auditing and security firm that collaborated in this operation, estimated that Huione Guarantee, a peer-to-peer marketplace operated by Huione Group, processed over $70 billion in <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> over the last 5 years, offering illicit services to users and providing a money laundering front for the Prince Group.<\/p>\n<p>Chainalysis stressed that, instead of targeting traditional banking channels, this time the seizure went deeper, with the Department of Justice gaining control of cloud computing accounts that hosted and supported Huione\u2019s backend systems.<\/p>\n<p><strong>\u201cThe Huione takedown shows what\u2019s possible when law enforcement and blockchain intelligence work together. Chainalysis is proud to have contributed to this investigation. Criminal networks adapt, and so do we,\u201d<\/strong> the firm <a href=\"https:\/\/x.com\/chainalysis\/status\/2069813577184112872?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">concluded<\/a>.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/us-treasury-hits-huione-group-in-sweeping-push-against-global-cyber-fraud\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) 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\u2019s cloud systems to dismantle global crypto scam markets. US Treasury [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":74601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74600"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74600"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74601"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}