U.S. Treasury Targets Huione Group over Alleged Crypto Crime Ties

The U.S. Treasury is taking action against Huione Group, a Cambodia-based company linked to North Korean crypto crimes, aiming to disrupt the flow of illicit funds through the crypto industry. This move comes as part of a wider crackdown on money laundering networks involved in cybercrime. The U.S. Treasury and FinCEN are proposing to isolate Huione Group by limiting its access to American financial systems. This action highlights the increasing regulatory focus on combating financial crime within the cryptocurrency sector.