FinCEN targets Cambodia’s Huione Group for laundering over $4bn in crypto funds tied to DPRK cyber heists and regional scams, proposing a ban on its access to the US financial system

FinCen targets Cambodia’s Huione Group for laundering over $4bn in crypto funds tied to DPRK cyber heists and regional scams which use it to process illicit funds from cyber-enabled frauds, including “pig butchering” scams…