Treasury Further Dismantles Overseas Scam Operations Targeting Americans
US Treasury cracks down on overseas scam operations targeting Americans
📍 How it ended
The US Treasury and DOJ sanctioned numerous individuals and companies, including the Huione Group and Cambodia’s Prince Group, for their roles in managing dirty finances and cyber scams. The DOJ seized a Huione cloud account and $15 billion in Bitcoin from the Prince Group.
Additionally, the US proposed expanding measures to cover successor entities and FinCEN targeted H-Pay.
Epilogue added 43d ago, after coverage quieted.
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The brief
The US Treasury has taken action against overseas scam operations targeting Americans, imposing sanctions on individuals and companies linked to Chen Zhi's finances and the Huione criminal network. Coverage emphasizes the scale of the crackdown, with the FBI and DOJ seizing significant assets, including $15 billion in Bitcoin and a cloud computing account used for money laundering.
The US government's efforts to dismantle these scam operations are ongoing, with proposals to expand measures against Huione and successor entities.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: unsupported claims removed (75% supported) Updated 45d ago.
Coverage (17)
- US Hits Nine Individuals and 26 Companies Accused of Helping Manage Chen Zhi’s Dirty Finances with Sanctions Kiripost · 47d ago
- FBI Leverages Elliptic Intelligence to Take Down $134 Billion Huione Criminal Network FF News · 47d ago
- DoJ Seizes Huione Cloud Account Tied to Cyber Scam Money Laundering The Hacker News · 47d ago
- US Widens Sanctions on Cambodia’s Prince Group CamboJA News · 47d ago
- US proposes expansion of Huione measures to cover successor entities MLex · 47d ago
- US seizes $15B in Bitcoin from Cambodian Prince Group in largest DOJ crypto crackdown Pluang · 47d ago
- DOJ seizes Huione Group cloud computing account used to launder billions in fraud proceeds The Block · 47d ago
- S’pore investigating 2 men linked to Prince Group after US sanctions; $600m in assets seized so far The Straits Times · 47d ago
- Justice Department seizes infrastructure used by cyber scam and criminal marketplace CyberScoop · 47d ago
- Regulatory update: Digital assets market structure principles, DOJ’s largest crypto seizure a16z crypto · 47d ago
- US sanctions Cambodian Prince Group in largest Bitcoin seizure in DOJ history Crypto Briefing · 47d ago
- US Treasury targets Huione workaround as FinCEN moves against H-Pay in crypto scam crackdown AMBCrypto · 47d ago
- U.S. seizes backend infrastructure used by Huione Group for money laundering services Peoples Gazette Nigeria · 47d ago
- US proposes expansion of Huione measures to cover successor entities MLex · 47d ago
- Two men linked to Cambodia-based scam syndicate Prince Group investigated for money laundering offences CNA · 47d ago
- U.S. adds sanctions against accused Cambodian scammers Prince Group The Detroit News · 47d ago
- Treasury Further Dismantles Overseas Scam Operations Targeting Americans U.S. Department of the Treasury (.gov) · 47d ago broke it first
Quick answers
What action has the US Treasury taken?
Imposed sanctions on individuals and companies linked to Chen Zhi's finances and the Huione criminal network
What assets have been seized?
$15 billion in Bitcoin and a cloud computing account used for money laundering
What is the US government's next step?
Proposing expansion of measures against Huione and successor entities
People, places & organizations
Topics
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