The US Treasury Department proposed cutting the Cambodia group based in the American financial system in Cambodia, citing cybercrime helps that the illicit market gives to North Korean pirates and other criminal groups.
The telegram-based operation was a “critical node for the laundering of the product of the cyber-firms” and helping the so-called “butcher” scams which generally use fraudulent romantic links to type people for cryptographic assets, according to the Treasury’s Financial Crimes Sweeping Network (Fincen) which proposed to deteriorate it from the financial system on Thursday.
According to the Elliptic, Huione analytical company, which offers personal and money laundering data, would manage up to $ 24 billion in these transactions, according to the Elliptic analytical company. The Cambodian market also launched its own stablecoin earlier this year.
“The Huione group has established itself as the market of choice for malicious cyber-actors such as the RPDC and the criminal unions, which stole billions of dollars from the Americans of everyday,” said Treasury Secretary Scott Bessent, in a statement. Fincen therefore sought to exploit its nuclear option power – using article 311 of the USA Patriot law – to break Huione from the financial system.
Not more recently than last year, Huione Pay, based in Phnom Penh, would receive a crypto totaling more than $ 150,000 from a portfolio associated with the North Korean pirates, the group accused of having stolen billions of dollars of crypto in recent years which is probably used to finance national projects.
