Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Injective Sees Highest Activity Since 2023 — What’s Driving the Network’s Revival?

July 8, 2025

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025

Meta reportedly recruits Apple’s head of AI models

July 8, 2025

Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

    July 8, 2025

    Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

    July 7, 2025

    Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

    July 7, 2025

    Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

    July 7, 2025

    Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Bitcoin » Huione crypto laundering network thrives despite supposed shutdown and regulatory sanctions: Chainanalysis
Bitcoin

Huione crypto laundering network thrives despite supposed shutdown and regulatory sanctions: Chainanalysis

Crypto Observer StaffBy Crypto Observer StaffJune 13, 2025No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto laundering network Huione continues to operate at scale, with its transaction volumes increasing even after FinCEN had designated it a primary money laundering concern.

Despite reports of its shutdown and removal of its website and Telegram channels, the Chinese-language crypto laundering platform Huione continues to operate at scale. According to Chaianalysis data, Huione’s transaction volumes have increased even after the May 1 announcement by FinCEN designating it as a primary money laundering concern under the USA PATRIOT Act.

Source: Chainalysis

This marks FinCEN’s second use of Sections 311 and 9714 against crypto-related illicit finance, after targeting the Bitzlato exchange. Section 311 allows regulators to isolate bad actors quickly without court approval. Although the rule is not yet final, U.S. banks typically cut ties immediately upon announcement to avoid regulatory risk. This likely cut Huione’s access to U.S. dollars from that day, but transaction data shows little to no disruption to its operations.

As reported by Chainalysis, Huione resurfaced under a new domain, Huione.me, retaining its old branding and active social media presence, including Telegram channels where user engagement remains strong. The platform continues to list its linked token XOC and stablecoin USDH for trading.

After Huione’s supposed shutdown, none of the other guarantee services could match its scale or transaction volume. While a few platforms, such as Tudou Danbao, saw temporary spikes in activity, these increases are marginal compared to Huione’s continued operations. This suggests that users have largely stayed within Huione’s laundering network rather than migrating elsewhere.


Huione crypto laundering network thrives despite supposed shutdown and regulatory sanctions: Chainanalysis - 2
Source: Chainalysis

According to Chainalysis, Huione’s persistence highlights the limits of fragmented enforcement. Disrupting networks like this demands coordinated, cross-border action and real-time intelligence sharing. Blockchain analytics will be key to closing the gaps traditional methods can’t reach.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin

July 8, 2025

Will $BTC Hold Above $107K or Break Down?

July 7, 2025

Metaplanet Picks Up Additional 2,205 BTC, Holdings Now Cross 15,555 Bitcoin

July 7, 2025

Crypto Price Prediction 2025: BTC, ETH, BNB, ADA, LINK, AVAX, ARB, DOT, SOL

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Injective Sees Highest Activity Since 2023 — What’s Driving the Network’s Revival?

July 8, 2025

Russia’s biggest state-backed bank sees no use for CBDC, so why push ahead anyway?

July 8, 2025

Rango Exchange Joins zkSync Partner Hub to Advance Cross-Chain DeFi Access

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

July 7, 2025

Russia Wants to Eliminate Tax Dodgers in Bitcoin Mining: Report

July 7, 2025

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.