MAROKO133 Hot crypto: Huione Laundered Millions Through South Korean Exchanges Hari Ini

📌 MAROKO133 Eksklusif crypto: Huione Laundered Millions Through South Korean Excha

The US recently sanctioned Cambodia-based Huione Group, calling it a transnational crime organization. Authorities have now confirmed that the group laundered criminal funds through South Korean cryptocurrency exchanges.

Data from South Korea’s Financial Supervisory Service (FSS) shows significant capital movements.

Bithumb Processed Most of the Suspicious Transactions

Huione’s subsidiary, Huione Guarantee, conducted extensive transactions with Korean won-market exchanges over the past three years. In total, deposits and withdrawals in Tether (USDT) reached about 15.9 billion KRW ($12 million).

The office of ruling People Power Party lawmaker Lee Yang-soo disclosed the FSS data on Monday. The records reveal that Huione Guarantee was deeply involved in financial activity with Korean exchanges.

Further, officials suspect the funds are linked to kidnapping, human trafficking, and voice phishing operations currently under investigation in Cambodia.

Bithumb processed the majority of transactions, handling about 14.6 billion KRW, while Upbit and Korbit accounted for 889 million KRW and 454 million KRW, respectively.

Meanwhile, the timing of these transfers has raised an alarm. They coincide with a spike in fraud, kidnapping, and human trafficking cases in Cambodia.

On October 18, the South Korean government repatriated 64 Korean nationals arrested in Cambodia for participating in online fraud schemes. Many were reportedly held captive by Chinese crime syndicates.

Possible Links to Kidnapping and Sanctions

Recent high-profile cases involving Korean victims of kidnapping, confinement, and murder have prompted a broader probe. South Korean authorities are investigating whether these incidents are tied to Huione Group’s operations.

Investigators noted that transactions between Bithumb and Huione surged in 2024, around the same time reports increased of Koreans being lured to Cambodia under false job offers and then detained.

Who Is the Huione Group?

Huione Group presents itself as a legitimate Cambodian conglomerate. Yet, its subsidiary Huione Guarantee has been accused of facilitating online fraud and money laundering under the guise of offering payment and surety services.

The group first drew international attention in July 2024, when blockchain analytics firm Elliptic reported that Huione Guarantee was a key platform for cryptocurrency laundering.

Initially launched in 2021 as a peer-to-peer marketplace for cars and real estate, the platform evolved into a major exchange hub for Chinese yuan and USDT among criminal networks across Southeast Asia. Elliptic estimated that it processed about $11 billion in illicit funds.

Crackdown and US Sanctions

On October 14, 2025, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) imposed sanctions on Huione Group. The action effectively cut the conglomerate off from the US financial system.

The Treasury cited confirmed links between Huione Group and North Korean cybercrime operations as well as large-scale virtual asset scams across Southeast Asia.

Authorities continue to trace the network’s financial ties as investigations expand across multiple jurisdictions.

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📌 MAROKO133 Eksklusif crypto: US Rep Pushes To Ban Crypto Trading For Presidents a

US Representative Ro Khanna is expected to introduce a resolution today that would stop the President, his family members, and members of Congress from trading crypto or stocks and accepting foreign funds.

The proposal comes amid growing public outrage over President Donald Trump’s decision to pardon Binance founder Changpeng Zhao. It also points to a broader frustration with politicians and their ability to trade while occupying positions of power.

Khanna Targets Crypto Trading in Congress

California Representative Ro Khanna is set to unveil a Congressional resolution today to prevent the President and Members of Congress from trading cryptocurrencies and accepting foreign money.

Khanna first announced the initiative over the weekend. Since then, he has used social media and televised interviews to explain his reasoning behind this move.

“We have a president who is enriching himself and his family in an obscene wealth that is unprecedented in American history. People need to wake up to what’s going on– it’s corruption right before our very eyes,” Khanna told MSNBC.

The California representative has long advocated for banning stock trading by politicians and prohibiting campaign contributions from PACs and lobbyists. This new measure appears prompted by Trump’s recent decision to grant a prominent crypto figure clemency.

Trump’s Binance Pardon Fuels Political Backlash

Last week, Trump pardoned Binance founder Changpeng Zhao (CZ) for violating US anti-money laundering laws.

Some welcomed the news, viewing the case against CZ as an example of unfair treatment toward the crypto industry. Others, however, saw it as a political move and a calculated effort by Binance to win the President’s favor.

Khanna aligned himself with the latter view.

“You’ve got a foreign billionaire who was basically engaged in money laundering, having money go to Hamas, Iran, [and] child abusers. He was convicted and served four [months] in prison. And then he petitions for a pardon… and what he does is he says, ‘I’m going to support World Liberty’… which they’re making millions of dollars on while Donald Trump is President,” he explained in another MSNBC interview.

Despite these public remarks, Khanna’s office has not yet released the detailed text of the proposed legislation.

What distinguishes Khanna from other critical Democrats is his generally positive outlook on cryptocurrencies.

Growing Scrutiny Over Politics and Crypto

Stand With Crypto, a crypto advocacy group closely affiliated with Coinbase, currently lists Khanna as a politician who is “strongly supportive” of cryptocurrency.

The California representative’s A-grade sharply contrasts with some of his Democratic colleagues and outspoken critics of the President’s connections to the crypto industry. For instance, Senator Elizabeth Warren and fellow Californian Representative Maxine Waters hold F-grades.

Despite his favorable view of crypto and its underlying technology, Khanna has generally advocated for a clear separation between the industry’s influence and politics.

This sentiment has recently grown stronger among the public as Trump’s ties to the crypto industry have expanded. 

Trump’s campaign and affiliated PACs have received millions in donations from the crypto industry, while his family-backed venture, World Liberty Financial, has launched its own stablecoin. The company has also reportedly been involved in a crypto-related deal with the UAE that coincided with the country receiving more favorable US AI chip technology access.

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