Svmuu News: The U.S. Department of Justice announced the seizure of an account that provided back-end infrastructure for a subsidiary of Cambodia’s Huiwang Group. Prosecutors stated that the account helped operate the Telegram marketplace Huione Guarantee, which facilitates the provision of stolen data, money laundering services, and tools to fraud operators in Southeast Asia.
Additionally, on the same day, FinCEN took action to extend the existing Huione Group sanctions to its successor entity, H-Pay Service PLC, to prevent the group from circumventing U.S. restrictions. According to court documents, the hosting services operated by the account also facilitated cryptocurrency transactions for criminals, including money launderers. The case is currently being investigated jointly by the FBI’s San Francisco Field Office and IRS Criminal Investigation. (decrypt)