🇰🇵 North Korea-Linked Crypto Scam Hits Billions
🗓️ Date: May 2, 2025
📰 Source: Reuters
The U.S. Treasury has moved to ban Huione Group, a Cambodia-based network, for laundering 💰 $4 billion+, including ₿ $73 million in crypto. The funds are linked to North Korean cybercrime and massive romance/investment scams known as “pig butchering” 🐷🔪.
Victims were tricked into fake online relationships or crypto investments. The scam allegedly supports North Korea’s weapons program 🚀. Huione is now labeled a “primary money laundering concern,” cutting it off from the U.S. financial system.
#BitcoinReserveDeadline #BinanceLaunchpoolSXT #USStablecoinBill #MarketPullback
