### **⚠️ US Cuts Financial Access for Huione Group Related to Crypto Money Laundering**

#### **📌 Key Facts:**

- **FinCEN (US Financial Agency)** proposes **cutting Huione Group's access** (Cambodian conglomerate) from the US financial system.

- **Reason**: Allegedly became a **money laundering hub** for **Lazarus Group (North Korean unit)** and investment scams.

- **Losses**:

- **$4 billion** from romance scams & investment fraud (2021-2025).

- **$37 million** in crypto from North Korean hacks.

- **$11 billion** in illegal transactions detected in Southeast Asia (Elliptic report).

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### **🔍 Huione's Modus Operandi:**

- **"Pig Butchering"**: Investment scams via social media.

- **Sell scam tools** + money laundering services (including stablecoins).

- **Protect cybercriminals** with its fintech network.

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### **💀 Impact of FinCEN's Decision:**

✅ **Block US correspondent bank access** → Huione struggles to launder money.

✅ **Pressure illegal fund flows** to groups like Lazarus.

⚠️ **Warning for crypto projects**: FinCEN increasingly tightens oversight on suspicious transactions.

**#FinCEN #crypto #MoneyLaundering #LazarusGroup #Regulation **

💬 **What do you think?** Is this US action effective in curbing crypto crime? Discuss in the comments! 👇