U.S. Seizes Cloud Backbone of Huione Group Linked to Crypto Fraud Laundering

U.S. authorities seized a cloud computing account used by subsidiaries of the Cambodia-based Huione Group, which prosecutors allege underpins Huione Guarantee/Haowang Guarantee and facilitates moving and laundering proceeds from cryptocurrency frauds and other cybercrimes, including through Telegram channels and escrow services. FinCEN had previously designated Huione Group a primary money-laundering concern, with related actions expanding to H-Pay Service PLC; the case is being prosecuted in the Northern District of California as part of Operation Riptide, with FBI and IRS-CI involvement, marking another step in federal efforts to disrupt cybercrime and protect Americans from fraud.