Tag: Huione Pay

HUIONE WALLETS CHANNEL $943 MILLION USDT TO CEXs DESPITE FINCEN 311 ACTION

Crypto Compliance Charlene Lensburg - July 9, 2025

Blockchain forensics reveal Huione-linked wallets funneling almost $1 billion in Tether (USDT) to major crypto exchanges only weeks after the U.S. Treasury labeled the Cambodian conglomerate a primary money-laundering concern. The flows highlight continuing gaps in exchange onboarding, nested service providers, and cross-border supervision.

FinCEN Drops the Hammer: Cambodia’s Huione Group Exposed as Global Money Laundering Kingpin

FinCEN tamir - May 2, 2025

In a bombshell move in the global financial underworld, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has officially branded Cambodia-based Huione Group as a “primary money laundering concern” and is moving to sever its access to the U.S. financial system. The allegations are staggering: Huione is accused of laundering billions in dirty money for North Korean cybercriminals.

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