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CATEGORY: huione


May 03, 2025 05:55

US Treasury Seeks to Sever Ties with Huione Due to Crypto Crime Connections

The US Treasury Department has taken action against a prominent Chinese fintech company, Huione, by revoking its access to the US banking system due to suspected ties to cryptocurrency money laundering activities. This move signifies the government’s commitment to combating financial crimes involving digital assets. Imposing sanctions on Huione demonstrates the US government’s determination to [...]

May 20, 2025 02:15

Huione Group Shutdown: Implications for Crypto Scam Infrastructure


The shutdown of Huione Group by FinCEN marks a significant move against crypto scams, but the broader ecosystem remains resilient. Learn how these platforms adapt and what it means for compliance. (Read More)

Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny

Author: Oluwapelumi Adejumo
United States
Jan 15, 2025 01:15

Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny

Blockchain security firm Elliptic reported that Huionean online marketplace platform used for illicit activitieshas launched USDH, a dollar-pegged stablecoin. According to Elliptic, Huione touts USDH as a solution for users seeking to bypass the restrictions imposed by traditional stablecoins like USDT and USD Coin (USDC). The asset was launched in September 2024. Huione is the […]

The post Shadowy marketplace Huione launches USDH stablecoin to evade scrutiny appeared first on CryptoSlate.

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