Fincen said that Huione Group has become a key link in the schemes for laundering income from cybercrime, including the activities of the North Korean hacker group Lazarus. According to the agency, from August 2021 to January 2025, the conglomerate washed at least $ 4 billion illegal funds.
The regulator emphasized that Huione has created an extensive network of companies, including the Huione Pay payment service, the Huione Crypto cryptocurrency platform and the Haowang Guarantee online market (previously Hione Guarantee), which is actively used to trade illegal goods and services.
The FINCEN is particularly concerned about illegal operations with the USDH, its own dollar stabilcoin Huione.
“The USDH stabilcoin provides Huione Group clients with an almost risk -free ecosystem for illegal operations. It is used by criminals for unhindered movement and storage of funds without the risk of any intervention of law enforcement agencies, ”the FinCen statement notes.
Fincen offers to ban American financial institutions to open or support correspondent accounts for Huione Group, which should deprive her of access to the banking system.
Earlier, Elliptic experts said that Huione, which is called the “largest illegal trading platform”, increased its monthly turnover by 51%. The total amount of transactions over the past year reached $ 24 billion, which made Huione the largest illegal online site.
Source: Bits
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