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BTCC / BTCC Square / Global Cryptocurrency /
Cambodian Huione Group Faces U.S. Crackdown After $98B Crypto Scandal

Cambodian Huione Group Faces U.S. Crackdown After $98B Crypto Scandal

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-02 16:20:03
0

Huione Group, a Cambodia-based conglomerate with ties to the ruling Hun family, has been flagged by the U.S. Treasury Department for allegedly receiving $98 billion in cryptocurrency since 2014 through illicit activities. Blockchain security firm Elliptic revealed the funds were linked to money laundering, pig-butchering scams, and online fraud.

The company operates a Telegram-based marketplace offering illegal services, including personal data sales and money laundering tools. U.S. FinCEN has designated Huione as a "primary money laundering concern," marking a significant escalation in regulatory scrutiny.

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