The US Crack on the Cambodian firm associated with North Korea is behind $ 4 billion romance scam ring
A North Korea -linked Cambodian organization has received billions of dollars from billions of dollars from US citizens. Romance scam And cyber theft from August 2021, according to the announcement of enforcement measures by federal officials on Thursday.
Huon groupAn online marketplace has facilitated North Korean and other criminal organizations in cheating people through social media messages and texts, which promote fraud investment and promote “pig butcher” schemes.
These fraudsters on dating and professional networking platforms have targeted American pensioners and others, which eventually encouraged them to invest in cryptocurrency and other digital assets before cheating them.
From August 2021 to January 2025, Huione deposited more than $ 4 billion from romance and investment fraud, its subsidiaries support various aspects of operation with Huione Pay Plc, Huione Crypto, and Haowang guarantee.
US Treasury Finsen The New York Post specifically revealed that $ 37 million supported North Korean cyber operation, while $ 336 million came from romance and investment plans.
Treasury Cambodian is proposing rules to block access to US financial systems.
“Huione Group has established itself as a market for malicious cyber actors like DPRK [North Korea] And criminal syndicates, who stole billions of dollars from Americans everyday, “Treasury Secretary Scott Besant said in a statement.
The 53 -year -old Beth Highland shared his experience of being a victim of Tinder fraud in 2024, loss of $ 26,000 through bitcoin transactions. Scammer, who works from Nigeria, introduced it as a construction manager and manipulated him through false promises of marriage and shared life.
Senator Marsh Blackburn and his colleagues recently introduced laws requiring dating platforms to warn users, which are associated with the known scammers.
Action against Huione was taken under Section 311 of the Patriot Act, as the group failed to maintain proper customer verification and anti-mani laundering protocol, including direct transfer from the operation of the North Korean scam.
