Elliptic Intelligence Used by the FBI in Action Against Huione, the $134 Billion Criminal Marketplace and Money Laundering Operation
- On Tuesday, the United States issued sanctions against nine people and 26 entities linked to the Prince Group, citing overseas scam operations targeting Americans as the Treasury Department's primary enforcement action.
- Acting as a critical laundering hub, the Cambodia-based Huione Group facilitated the Prince Group's illicit activities, a role previously identified by Treasury when it labeled Huione a primary money laundering concern in 2025.
- Assistant Director Brett Leatherman of the FBI's Cyber Division stated the Justice Department's seizure of cloud computing accounts used by Huione subsidiaries "disrupts key components of the cybercriminal ecosystem." The accounts functioned as a technological backbone for billions in fraud proceeds.
- Authorities arrested Hu Xiaowei, described as the Prince Group's "big brother" and second-in-command, while chairman Chen Zhi was extradited to China in January following joint investigations. The Prince Group did not respond to requests for comment.
- Huione Pay received at least $103 billion in cryptoasset payments over its lifetime, operating as a massive illicit marketplace; American victims lost at least $10 billion in 2024 to such operations, prompting the FBI's Operation Riptide to continue targeting infrastructure facilitating global fraud.
37 Articles
37 Articles
Gulf News
Social News XYZUS sanctions Cambodia-linked network over global scam operations
Washington targets Cambodia-based Prince Group TCO with sanctions over large-scale online fraud, freezing assets and cracking down on scam compounds in Southeast Asia.
In a new move to combat financial crimes, the US Department of Justice announced the seizure of a cloud account linked to cryptocurrency money laundering schemes. The US Department of Justice (DoJ) announced on Tuesday the seizure of a cloud computing account used by companies affiliated with the HuiOne Group, a Cambodian-based conglomerate, as the Treasury Department unveiled new sanctions against nine individuals and 26 entities associated wit…
The Epoch Times
US Escalates Crackdown on Overseas Scam Network Targeting Americans
The United States has taken coordinated action against a Southeast Asia-based scam and money-laundering network that officials say used forced-labor compounds and online investment fraud to steal billions of dollars from Americans. The Treasury Department on June 23 sanctioned 35 individuals and entities linked to the Prince Group Transnational Criminal Organization, a Cambodia-based network that U.S. authorities say operated scam compounds and …
Justice Department seizes infrastructure used by cyber scam and criminal marketplace
The Justice Department on Tuesday said it has seized infrastructure tied to what officials called one of the world’s most prolific criminal marketplaces, used to commit cyber scams and other crimes. The seized cloud computing account hosted backend infrastructure used by subsidiaries of the Huione Group, a Cambodia-based corporate conglomerate. At the same time, the Treasury Department announced fresh sanctions and more against Huione and affili…
U.S. Sanctions Prince Group: Cracking Down On Southeast Asia Scam Rings
The U.S. Department of the Treasury sanctioned nine individuals and 26 entities tied to the Prince Group Transnational Criminal Organization on Tuesday, expanding a campaign against Southeast Asia-based scam operations that have drained billions of dollars from American victims. The Office of Foreign Assets Control imposed the designations against Prince Group leadership, investors in scam compounds, and front companies, the agency announced. At…
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