Summary of Recent Crypto News:
- Tether froze a Tron wallet with over 28 million USDT suspected of criminal activities.
- Huione Group’s wallet TNVaKW linked to Huione’s Guarantee business was frozen.
- Huione tried to bypass freeze by transferring funds to a new address, TQuFSv.
- Huione Guarantee implicated in pig-butchering scams and other fraudulent activities.
- Elliptic reported that Huione Guarantee served as a hub for scam operations in Southeast Asia.
- Huione Guarantee allegedly linked to criminal transactions worth at least $11 billion.
- Huione Guarantee operated as a peer-to-peer transaction service on Telegram using Tether’s USDT.
- The blockchain firm claimed Huione Guarantee had ties to Cambodia’s ruling family.
- Law enforcement and analysts are tracking down Huione’s operations and associated wallets.
- The Tether freeze highlights efforts to combat crypto-related fraud and financial crimes.
The Tether Freeze and Huione Group:
Tether recently froze a Tron wallet containing 28 million USDT tokens suspected of criminal activities. The wallet, tied to Huione Group’s Guarantee business, was reported by a real-time observation account. Despite attempts to bypass the freeze, Tether took action against the frozen wallet, leading to ongoing investigations into Huione’s operations.
Huione Guarantee and Fraudulent Activities:
Huione Guarantee has been implicated in various fraudulent activities, including pig-butchering scams and other criminal transactions. Elliptic reported that the platform served as a hub for scam operations in Southeast Asia, with alleged ties to Cambodia’s ruling family. The platform facilitated peer-to-peer transactions on Telegram using Tether’s USDT stablecoin, making it a preferred choice for scammers and money launderers. Law enforcement and blockchain analysts are actively working to disrupt Huione’s operations and identify associated wallets to combat financial crimes.
