Justice Department targets Cambodia-based infrastructure accused of laundering billions from online scams and investment fraud.
The US Justice Department seized a cloud computing account linked to Huione Group, a Cambodia-based conglomerate, accused of laundering over $2 billion in crypto fraud proceeds. The account hosted backend infrastructure for subsidiaries facilitating fund transfers and concealment for cyber scams and investment fraud schemes, prosecutors said.
The account supported Huione Guarantee, a Telegram-based marketplace trading stolen data, malware proceeds, and laundering services. It also provided escrow services for crypto transactions, enabling money launderers and criminals to operate undetected. Blockchain analysts previously identified the platform as the largest illicit online marketplace.
Authorities described the seizure as a major blow to global criminal operations, particularly those tied to Southeast Asian scam centers. The move disrupts a key technical backbone used to convert fraud proceeds into traditional banking systems.