The U.S. Justice Department said it seized a cloud computing account allegedly used by subsidiaries of Huione Group to launder billions in proceeds tied to cryptocurrency fraud.
According to NS3.AI, Assistant Attorney General A. Tysen Duva said the account helped transfer, move, and conceal fraud proceeds.
The update comes as Americans reported more than $7.2 billion in cryptocurrency investment fraud losses in 2025 through the FBI’s Internet Crime Complaint Center.
The Justice Department said the seizure is part of Operation Riptide and follows last year’s Financial Crimes Enforcement Network (FinCEN) designation of Huione Group as a primary money laundering concern.
U.S. Justice Department Seizes Cloud Account Linked to Huione Group in Operation Riptide
2026-06-23 17:29:53
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