DOJ Seizes Huione Group Cloud Account Used to Launder Billions in Fraud Proceeds
The U.S. Department of Justice has seized a cloud computing account from the Cambodia-based Huione Group, which is accused of laundering billions in cryptocurrency fraud proceeds. The action, part of the FBI's Operation Riptide, targets a 'technological backbone' for cybercrime. This follows a 2025 FinCEN designation of Huione as a money laundering concern, amid U.S. crypto fraud losses of over $7.2 billion that year.
DOJ cloud account seizure
▪The DOJ stated the seizure "strikes a blow against one of the world’s most prolific criminal marketplaces."
▪The U.S. Justice Department seized a cloud computing account used by subsidiaries of the Cambodia-based Huione Group on June 23, 2026.
Huione Group money laundering operations
▪The seized cloud account provided a "technological backbone" for transferring and concealing billions in fraud proceeds.
▪Huione subsidiaries allegedly helped criminals, including from the Democratic People’s Republic of Korea, move illicit funds into the banking system.
▪A Huione subsidiary operated Telegram channels advertising stolen credit cards, malware proceeds, and human trafficking services.
▪The Huione Group is accused of laundering billions of dollars in cryptocurrency fraud proceeds.
Cryptocurrency fraud losses
▪In 2025, Americans reported over $7.2 billion in losses from cryptocurrency investment fraud to the FBI.
▪Total reported losses from all U.S. cybercrime and cyber-enabled fraud reached nearly $21 billion in 2025.
Operation Riptide enforcement campaign
▪The seizure is part of Operation Riptide, an ongoing FBI campaign targeting cybercrime.
▪In 2025, FinCEN designated the Huione Group as a primary money laundering concern under the USA Patriot Act.
▪The DOJ has now recognized H-Pay Service PLC as part of the Huione Group.
Huione blockchain infrastructure
▪Huione launched a stablecoin, USDH, on Ethereum, BSC, and Tron to create an alternative payment rail for its illicit marketplace.
▪Huione's suite of blockchain products also includes a decentralized exchange, a native crypto wallet, and a blockchain called Huione Chain (Xone).
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