🚨 Huione linked wallets transferred nearly $1 billion USDT to CEX after FinCEN's warning!
🔍 Quick News
From May 1 to June 17, 2025, wallets associated with Huione transferred a total of $10.13 billion USDT on Tron and $219 million on Ethereum, of which $942.9 million was transferred to major centralized exchanges.
This occurred after FinCEN listed Huione as a "primary money laundering concern" under Section 311 of the PATRIOT Act, prohibiting U.S. financial institutions from interacting with this group.
🕵️ In-depth Analysis
According to Global Ledger, despite being “processed,” Huione continues to operate through concealment methods – such as OTC, nested transactions – allowing funds to keep flowing into CEX.
FinCEN estimates that Huione laundered at least $4 billion from August 2021 to January 2025, including $37 million from APT linked to North Korea, $36 million from “pig-butchering scams,” and $300 million from other schemes.
A part of Huione's platform includes Huione Pay, Huione Crypto, and Haowang Guarantee – a Telegram marketplace allowing the purchase of “scam tools packages,” non-frozen USDH stablecoins, and money laundering services.
Telegram has shut down numerous Huione Guarantee channels; however, Elliptic & Chainalysis note that the services have re-emerged with at least 30 similar platforms continuing to operate.
🎯 Conclusion
Despite FinCEN blocking access to U.S. banking, Huione has not “died” – money continues to flow into CEX, and scam platforms remain operational in hiding. This is a cautionary lesson: this ecosystem can morph rapidly, requiring investors and exchanges to remain highly vigilant, especially when dealing with USDT or similar assets.