DoJ Seizes Huione Cloud Account Tied to Cyber Scam Money Laundering
Summary: The U.S. Department of Justice announced the seizure of a cloud computing account used by subsidiaries of Cambodia-based HuiOne Group, which the DoJ says hosted backend infrastructure for platforms including HuiOne Guarantee, a Telegram-based marketplace that handled billions of dollars in transactions between 2021 and 2025. The Treasury also sanctioned nine individuals and 26 entities linked to Prince Group, and FinCEN assessed H-Pay Service PLC as a primary money laundering concern.
What you should know: Elliptic reported that HuiOne had received more than $31 billion in cryptoasset transactions by the time it was forced offline, making it the largest illicit online marketplace recorded - more than 25 times larger than Silk Road and AlphaBay combined - and Flare found more than 30 successor marketplaces have emerged since, with no meaningful reduction in aggregate volume.
Read the original at The Hacker News ↗
- Topics
- Fraud & Scams
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