On May 2, the U.S. Department of the Treasury's Bureau of Financial Crimes Enforcement (FinCEN) proposed to ban Cambodia's Huione Group from accessing the U.S. financial system on suspicion of money laundering and links to North Korean hacking groups.



FinCEN alleges that between August 2021 and January 2025, Huione Group laundered more than $4 billion in illegal funds, including $37 million in stolen assets from a North Korean-led cyber theft.

According to U.S. Treasury Secretary Yellen, the cryptocurrency trading platform and online payment services operated by Huione Group have become the "preferred market" for cybercriminals.
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