🚨 The latest data from Global Ledger shows that the illegal goods trading market Huione has likely been shut down following law enforcement action by FinCEN, and that its wallet has transferred approximately 1 billion USDT to various Centralized Exchange (CEX) platforms. Yury Serov, head of investigations at a Swiss Blockchain analysis company, pointed out that the activities of the wallets associated with Huione indicate that this malware continues to be exposed to major exchange platforms, although generally through indirect means. Funds can be transferred via nested service providers, OTC trading platforms, or layered transactions, which obscures the original source. While these methods may conceal direct interactions with exchange platforms, their underlying liquidity modes still point to major Centralized Exchange platforms, indicating that they continue to operate.
