U.S. Pulls the Plug on a Cambodian Group's Cloud Servers Behind Billions in Crypto Money Laundering The Justice Department has seized a cloud computing account run by units of Cambodia's Huione Group, calling it the technological backbone that let criminals move and hide billions of dollars from crypto fraud and online scams. American investigators have knocked out a key part of the digital machinery powering what officials describe as one of the busiest criminal bazaars ever built on the internet. The target this time was not a single website or account, but the entire technical setup that kept stolen money flowing around the world. On Tuesday, the Justice Department said it had taken control of a cloud computing account operated by subsidiaries of the Huione Group, a Cambodia-based conglomerate accused of helping move billions of dollars tied to crypto investment fraud and cyber scams. Prosecutors say the account quietly ran the "backend infrastructure" for those subsidiaries, giving criminals a way to shuffle and conceal funds before slipping them into the banking system without being noticed. 'A Blow Against One of the World's Most Prolific Marketplaces' "Today's seizure strikes a blow against one of the world's most prolific criminal marketplaces," said Assistant Attorney General A. Tysen Duva of the Justice Department's Criminal Division. The account, he explained, acted as "a technological backbone that allowed billions in fraud proceeds to be transferred, moved, and concealed," with much of that money "stolen through Southeast Asian scam centers." What Huione Guarantee Was Court documents say the account helped run Huione Guarantee, also known as Haowang Guarantee, a Telegram-based marketplace where vendors dealt in stolen card and identity data, malware proceeds, and money-laundering services for romance and investment scams. It also operated escrow services that helped criminals, including money launderers, carry out transactions in crypto. Blockchain analysts have called Huione Guarantee the largest illicit online marketplace ever, dwarfing dark-web predecessors such as Silk Road. Telegram banned its channels in May 2025, forcing it to close down, though replacement markets quickly sprang up to fill the void. A Year-Long Squeeze The seizure caps a full year of action against Huione. Last October, the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule cutting Huione off from the U.S. financial system as a "primary money laundering concern," pointing to its role in laundering crypto-fraud proceeds and money from North Korean cyber heists. On Tuesday, FinCEN moved to extend that rule to a successor, H-Pay Service PLC, to stop the group from slipping past the ban under a new name. Crypto Fraud Keeps Rising Crypto-related fraud shows no sign of slowing. In 2025, Americans reported more than $7.2 billion in losses from crypto investment fraud alone to the FBI's Internet Crime Complaint Center. That figure is part of more than $20 billion in total cybercrime losses last year, a 26% jump from the year before. The case was investigated by the FBI's San Francisco field office and IRS Criminal Investigation, and forms part of Operation Riptide, an FBI campaign aimed at the infrastructure behind online fraud. The department credited blockchain analytics firms Chainalysis and Elliptic, along with Google's cybercrime team, with helping the effort. Huione has shown a knack for regrouping whenever law enforcement closes in. It rolled out its own stablecoin, USDH, and pushed its activity onto affiliated platforms as the crackdown tightened. What this means for you This action matters most to people who invest in crypto and to everyday internet users. • For investors: A major network behind romance and investment crypto scams has been disrupted, but such fake platforms tend to reappear under new names, so be cautious before sending crypto to unfamiliar sites. • For ordinary users: Americans lost more than $7.2 billion to crypto investment fraud in 2025 alone, a reminder of how dangerous messages and apps promising high returns can be. Questions & Answers 1. What exactly did the U.S. Justice Department seize? It seized a cloud computing account used by subsidiaries of the Huione Group that ran their backend infrastructure. 2. Who is the Huione Group? It is a Cambodia-based conglomerate accused of helping launder billions of dollars tied to crypto investment fraud and cyber scams. 3. What was Huione Guarantee? It was a Telegram-based marketplace where vendors traded stolen card and identity data, malware proceeds, and money-laundering services. It was also known as Haowang Guarantee. 4. When was it shut down? Telegram banned its channels in May 2025, forcing it to close, though successor markets quickly emerged afterward. 5. How much was lost to crypto fraud in 2025? Americans reported more than $7.2 billion in losses from crypto investment fraud alone, part of over $20 billion in total cybercrime losses for the year. 6. Which agencies and firms helped with the case? The FBI's San Francisco field office and IRS Criminal Investigation handled the case, with help from Chainalysis, Elliptic and Google's cybercrime team. 7. What is USDH? USDH is Huione's own stablecoin, which it launched as enforcement against the group tightened. https://trendkia.com/en/business/arabon-dolara-ki-kripto-herapheri-ka-jala-dhvasta-huione-ke-klauda-sarvara-america-ke-kabje-men-2705 TrendKia — Har trend, sabse pehle.