Elliptic Intelligence Used by the FBI in Action Against Huione, the $134 Billion Criminal Marketplace and Money Laundering Operation (opens original article in a new tab)

The FBI used Elliptic's intelligence to target Huione, a $134 billion criminal marketplace and money laundering operation, which had processed over $31 billion in crypto transactions and $103 billion through its payments arm.

• Elliptic's intelligence was used by the FBI in action against Huione, a $134 billion criminal marketplace and money laundering operation.
• Huione Guarantee was a Telegram-based marketplace involved in online fraud, receiving over $31 billion in cryptoasset transactions.
• Huione Pay, part of Huione Group, laundered at least $103 billion in cryptoasset payments and operated physical outlets in Cambodia.
• Elliptic's work contributed to the shutdown of Huione Guarantee and designations of Huione Group as a money laundering concern by US Treasury and UK sanctions.