US Treasury Sanctions Huione Group for Crypto-Money Laundering Linked to Pig Butchering Scams
By
Sergio Goschenko
Summary
The U.S. Treasury, in collaboration with Chainalisys, took action against Huione Group for facilitating crypto-money laundering operations linked to the Prince Group, a transnational criminal organization that targeted Americans with romantic fraud scams (pig butchering operations). The Trump Administration intensified its efforts against groups targeting Americans and those laundering proceeds from these operations, specifically targeting Huione's cloud infrastructure used for crypto-money laundering.
Source
bskyUS Treasury Sanctions Huione Group for Crypto-Money Laundering Linked to Pig Butchering Scamsnews.bitcoin.comKey quotes
· 3 pulledThe U.S. Treasury, in collaboration with Chainalisys, took action against Huione, one of the largest enablers of crypto-money laundering operations for the Prince Group
The Trump Administration is intensifying its effort to fight groups that target Americans and those who facilitate the laundering of proceeds of these operations.
a transnational criminal organization that targeted Americans with romantic fraud scams, also known as pig butchering operations.
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