【U.S. Treasury Proposes to Cut Huione Group in Cambodia from Financial System】According to Golden Finance, the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has proposed disconnecting the Cambodia-based Huione Group from the U.S. financial system, citing that the organization supports criminal groups such as North Korean hackers. FinCEN stated that this Telegram-based operation is a "key node for laundering the proceeds of cyber heists" and assists in "pig butchering" scams. Treasury Secretary Scott Bessent stated, "The Huione Group has become the preferred market for North Korea and criminal groups." Elliptic estimates that Huione handles transactions of up to $24 billion.