The Justice Department seized cloud infrastructure tied to Huione Group, exposing backend systems used by Huione Guarantee to help move and conceal billions in fraud proceeds. Treasury also expanded sanctions on Huione-linked firms and Prince Group affiliates as U.S. officials target a major transnational scam and laundering network. #HuioneGroup #HuioneGuarantee #HaowangGuarantee #PrinceGroup #ChenZhi
Keypoints
- The Justice Department seized cloud infrastructure used by Huione Group subsidiaries.
- Huione Guarantee, also known as Haowang Guarantee, was operating on the seized account.
- Officials say the network helped transfer and conceal billions in fraud proceeds.
- Huione Guarantee allegedly facilitated illicit goods, stolen data, and scam-related money laundering.
- Treasury added new sanctions against Huione-linked companies and Prince Group affiliates.
Read More: https://cyberscoop.com/doj-huione-group-cybercrime-seizure/