Overview
- OKX said deposits and withdrawals tied to Huione will undergo compliance investigations with potential asset freezes and account terminations.
- FinCEN on Oct. 14 designated Huione a primary money laundering concern under Section 311 of the USA PATRIOT Act.
- U.S. filings allege the group helped move roughly $4 billion in illicit funds linked largely to online scams between August 2021 and January 2025.
- TRM Labs said the designation prevents U.S. banks from maintaining correspondent accounts for Huione, effectively cutting it off from the global banking system.
- Researchers report Huione-linked networks resurfacing through rebranded services and more than 30 Telegram marketplaces despite earlier removals.