U.S. Department of Justice Seizes Cloud Computing Account Used by Huione Group to Launder Billions in Crypto Scam Proceeds

CoinFeed June 24 news, according to The Block, the U.S. Department of Justice has seized a cloud computing account used by Cambodia's Huione Group, which is accused of laundering billions of dollars in cryptocurrency scam proceeds. Assistant Attorney General A. Tysen Duva stated that the account provided technical support, enabling scam funds to be moved and concealed through Southeast Asian scam centers. This action is part of 'Operation Torrent,' and last year the U.S. Financial Crimes Enforcement Network designated Huione Group as a primary money laundering concern. The statement said that Huione subsidiaries allegedly assisted criminals in transferring funds from illegal blockchain activities such as investment fraud and cyber theft, ultimately injecting them into the legitimate banking system, with a significant amount of the theft reportedly linked to North Korea.