US DOJ Targets Huione Group's Money Laundering Network

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Cloud Account Seizure: On June 23, the U.S. DOJ seized a cloud computing account supporting Cambodia's Huione Group's backend systems, aiming to disrupt crypto-enabled money laundering networks, reflecting a strong stance against global cybercrime.
Massive Money Laundering Scale: According to a Financial Crimes Enforcement Network investigation, Huione-related organizations were involved in laundering at least $4 billion from August 2021 to January 2025, with funds linked to 'pig butchering' investment scams and North Korean cyberattacks, highlighting challenges to international sanctions.
Concealment of Telegram Market: Huione Guarantee operated as a Telegram marketplace providing laundering and transaction services, enabling criminals to swiftly move illicit funds while leveraging anonymity and cross-border features, complicating enforcement efforts.
Increased U.S. Enforcement Pressure: This action is part of a broader U.S. campaign against Southeast Asian scam networks, with the DOJ emphasizing the critical importance of targeting infrastructure-level money laundering activities to prevent further laundering of criminal proceeds.

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Technical Analysis for BNB

Technical Sentiment Analysis for BNB (BNB). As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

BNB (BNB) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	500.589	535.58	562.919	597.91	625.249	660.24	687.579
Fibonacci	535.58	559.39	574.1	597.91	621.72	636.43	660.24

About BNB

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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