DOJ Seizes Huione Infrastructure Linked to Billions in Crypto Laundering

Here is the latest from the digital-asset markets: Justice Department seized a cloud computing account that hosted backend infrastructure for subsidiaries of Cambodia's Huione Group, which it called "one of the world's most prolific criminal marketplaces. " Prosecutors say the account helped run Huione Guarantee, a Telegram marketplace that brokered stolen data, laundering services, and tools for Southeast Asian scam operations.

On the same day, FinCEN moved to extend its existing ban on Huione to a successor entity, H-Pay Service PLC, to stop the group skirting U.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.