🚨 U.S. Treasury Blocks Huione Group Over North Korean Crypto Laundering 🚨

💰 Treasury Takes Action Against Cambodia-Based Money Launderers!

The U.S. Treasury has launched a major offensive against the Huione Group, cutting off their access to the American banking system! 🏦🚫 Why? They're allegedly washing billions in stolen crypto for North Korea's infamous Lazarus Group hackers! 💻🇰🇵

🔍 Key Developments:

* 📅 On May 1, FinCEN proposed rules blocking U.S. financial institutions from working with Huione Group

* 💸 Treasury Secretary Scott Bessent: This action will "cut off Huione's correspondent banking access"

* 🌐 Huione operates multiple shady businesses including Huione Pay, Huione Crypto, and Haowang Guarantee

* 💱 The group has allegedly laundered a staggering $4 BILLION in illicit funds since 2021! 😱

🕵️ The Criminal Connection:

* 🇰🇵 At least $37 million linked directly to North Korean cyber heists

* 🐷 Over $36 million from "pig butchering" crypto scams targeting Americans

* 💵 Created their own stablecoin (USDH) designed specifically for money laundering

* 🏦 Already lost their Cambodian banking license in March for illegal digital asset activities

⏱️ What's Next:

The proposed rule is open for 30 days of public comment before implementation. This represents a significant escalation in U.S. efforts to combat crypto-based money laundering and North Korean cybercrime operations! 🛡️

#CryptoSecurity #MoneyLaundering #Sanctions #NorthKorea #CyberCrime 🔒