Overview

• OKX said deposits and withdrawals tied to Huione will face compliance investigations, with possible fund freezes and account terminations.
• FinCEN on Oct. 14 named Huione Group a primary money laundering concern under Section 311 of the USA PATRIOT Act.
• TRM Labs reported that the action effectively bars U.S. financial institutions from processing transactions for Huione, isolating it from the global banking system.
• Authorities previously alleged Huione helped move at least $4 billion in illicit funds from August 2021 through January 2025, largely tied to online scams.
• Researchers say Huione-linked activity has shifted to rebranded services and Telegram marketplaces, with Elliptic identifying more than 30 such channels launching after takedowns.