U.S. DOJ Seizes Cloud Account Linked to Cambodia's Huione, Targeting Southeast Asian Crypto Money Laundering Network

CoinFeed, June 24 - According to Decrypt, the U.S. Department of Justice announced the seizure of a cloud computing account used by a subsidiary of Cambodian conglomerate Huione Group. The account provided "backend infrastructure" for the Telegram marketplace Huione Guarantee, which is accused of facilitating the laundering of billions of dollars from crypto investment scams and cyber fraud. The DOJ described the account as the "technical backbone" of the fraud network, used to move and conceal funds and access the banking system. Huione Guarantee (also known as Haowang Guarantee) brokers stolen bank card and identity data, malware monetization, and crypto laundering services on Telegram, and has been identified by blockchain analytics firms as one of the largest illegal online markets, surpassing Silk Road in scale.