Huione: The Crypto Laundering Giant That Just Won't Quit!

Despite FinCEN's Crackdown, Huione's Transaction Volumes Soar

Hold onto your hats, folks! The notorious crypto laundering network, Huione, is still going strong, and get this—their transaction volumes are skyrocketing even after FinCEN labeled them a major money laundering threat. Talk about bold!

You might've heard the rumors that Huione was toast, with their website and Telegram channels vanishing into thin air. But guess what? This Chinese-language crypto laundering beast is still roaring! Chaianalysis data shows that since FinCEN's big announcement on May 1st, calling them out under the USA PATRIOT Act, Huione's transactions have only grown. Can you believe it?

Now, FinCEN's pulling out the big guns for the second time, using Sections 311 and 9714 to tackle crypto-related dirty money, just like they did with Bitzlato. Section 311 lets regulators drop the hammer on bad actors without needing a judge's okay. Sure, the rule isn't set in stone yet, but U.S. banks aren't messing around—they cut ties with Huione the second they heard the news, trying to dodge regulatory heat. That probably slammed the door on Huione's U.S. dollar access, but hey, their transaction data? Barely a blip.

Chainalysis spilled the beans that Huione popped back up with a slick new domain, Huione.me, rocking the same old branding and buzzing social media scene, Telegram channels and all. Users are still as engaged as ever, and they're trading the linked token XOC and stablecoin USDH like there's no tomorrow.

After Huione's so-called shutdown, other guarantee services couldn't hold a candle to them. Sure, places like Tudou Danbao saw a little action, but it's peanuts compared to what Huione's pulling off. It's clear as day that users are sticking with Huione's laundering empire, not jumping ship.

Chainalysis is sounding the alarm: Huione's staying power shows just how limited our enforcement can be. To really shut down these networks, we need a united front across borders, sharing intel in real-time. And let's not forget—blockchain analytics are our secret weapon, filling in where old-school methods fall short.