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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