Huione Group, the Cambodia-based conglomerate, which the US Ministry of Finance wants to cut out of the US financial system, received $ 98 billion of crypto since 2014 through illegal schemes such as money laundering, pigbutching and online fraud, according to blockchain security company Elliptic.

The company, which has links to the Asian country’s prevailing female family, operates a telegram-based marketplace where users can buy personal data, money laundering and even electric spring, intended for use in humans.

“Huione Group is under intense control this week, with the US Ministry of Finance’s Economic Crime Network (FINC), which identifies the Cambodia-based conglomerate as a unit [of] Primary laundering of money laundering, “Elliptical co -founder Tom Robinson told Coindesk.

In January, the company introduced its own stableecoin that, unlike third -party assets like Tether’s USDT, cannot be frozen by external organizations. StableCOin, USDH, was created to “avoid transfer restrictions of traditional digital currencies.”

Despite rolling out of stableecoin, Robinson said the finch’s steps to squeeze down on Huione is a “significant blow” for the conglomerate.

“This should serve as a wake-up claim for the wider economic ecosystem to strengthen detection and disruption of cross-border laundering of networking,” he added.

Huione also received $ 150,000 for Krypto from North Korean Hacker Lazarus Group, which stole about $ 3 billion for crypto between 2018 and 2024, according to a report from the cyber security company recorded the future.

An attempt to contact the company via E email was not answered after publication time.