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The U.S. Department of Justice seized a cloud computing account under Cambodian Huione, cracking down on a Southeast Asia crypto money laundering network.

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ME News message: On June 24 (UTC+8), the U.S. Department of Justice announced the seizure of a cloud computing account used by a subsidiary of the Cambodian conglomerate Huione Group. The account provided “back-end infrastructure” for the Telegram marketplace Huione Guarantee, which is accused of assisting in laundering billions of dollars’ worth of proceeds from crypto investment scams and cyber fraud. The DOJ said the account is a “technical backbone” of the fraud network, used to transfer and conceal funds and to connect to the banking system. Huione Guarantee (also known as Haowang Guarantee) facilitated the matching of stolen bank cards and identity data, malware monetization, and crypto money laundering services on Telegram. It was previously considered by blockchain analytics firms to be one of the largest illegal online markets, exceeding Silk Road in scale. On the same day, the U.S. Treasury’s FinCEN announced that it would extend its previously announced “primary money laundering concern” measures against Huione to its successor entity, H-Pay Service PLC, to prevent it from circumventing financial sanctions. (Source: PANews)
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