BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Huione Crypto Laundering Network Thrives Despite Shutdown and Sanctions, Chainalysis Reports

by Dan K
Jun 13, 2025 - 8:46 pm
in Blockchain
Huione crypto laundering network continues operating despite FinCEN sanctions, with increasing transaction volume

Huione Crypto Network Spurns Shutdown and Sanctions Orders

The regulatory headache crypto money laundering platform Huione continues to operate despite widespread reports of its shut-down and a recent regulatory action by the U.S. government. Chainalysis figures confirm volumes on the network have continued to grow after the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) placed Huione as a priority money laundering target on May 1.

FinCEN’s Section 311 Action Falls Short to Shut Down Operations

FinCEN’s action called into play Sections 311 and 9714 of the USA PATRIOT Act, allowing for rapid isolation of suspected illicit actors. The tool was only used for a second time on a crypto entity since the Bitzlato case. The action would have likely cut off Huione’s access to U.S. financial services, but Chainalysis has experienced minimal disruption to its business.

Huione Rebrands and Maintains User Base

Following its alleged shutdown, Huione re-emerged shortly afterwards with a fresh domain—Huione.me—and its brand intact. Telegram utilization and social networking activity remain high, and the platform continues to offer trading in its native XOC token and the stablecoin USDH.

Rivals Fall Short to Make Up the Gap

Other crypto guarantee businesses, such as Tudou Danbao, saw temporary traffic spikes but none that came close to Huione’s volume or turnover. This suggests that users stuck very much with the Huione network in spite of the regulatory crackdown.

Enforcement Gaps Highlighted by Blockchain Analysts

Chainalysis pointed out that the survival of Huione demonstrates the failure of piecemeal regulation. It called for greater international coordination and real-time intelligence sharing to deal with such a sophisticated money laundering network.

“Without co-ordinated effort, enforcement will be restricted in effectiveness,” the report further added.

Conclusion

Huione’s ongoing operations raise profound concerns about the effectiveness of current crypto enforcement measures. As blockchain-based laundering networks grow, regulatory frameworks and interagency cooperation must adapt in turn to prevent further avoidance.

Tags: Regulation
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service