US Justice Department Seizes Cloud Account Used by Cambodia-Based Huione Guarantee
JH Kim
Summary
- The U.S. Department of Justice said it had seized operating infrastructure used by Huione Guarantee, a Cambodia-based cryptocurrency money-laundering platform.
- The Justice Department said it had seized a cloud computing account that ran the backend systems of Huione Guarantee.
- U.S. authorities said the move was part of an enforcement action aimed at disrupting Huione Guarantee, which was used for money laundering and illicit fund transfers using cryptocurrency.
Forecast Trend Report by Period
The U.S. Department of Justice has seized operating infrastructure used by Huione Guarantee, a Cambodia-based cryptocurrency money-laundering platform.
The DOJ said it had taken control of a cloud computing account that ran Huione Guarantee's backend systems, according to crypto news outlet The Block on June 23.
Huione Guarantee is an online marketplace identified as being used for cryptocurrency-based money laundering and illicit fund transfers.
U.S. authorities said the seizure was part of an enforcement action aimed at disrupting the platform's operations.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
