Cambodian crypto market linked to North Korea still active despite US crackdown



News Cambodian crypto market linked to North Korea still active despite US crackdown Huione platform operating via mirror site after measures aimed at halting money laundering by DPRK cybercriminals Shreyas Reddy June 12, 2025 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Mirror site of Huione Crypto, one of the Cambodian firm's main cryptocurrency-based services targeted by the U.S. Treasury \| Image: Screenshot of Huione Crypto homepage (June 12, 2025) A Cambodian online marketplace linked to North Korean money laundering appears to be carrying out business as usual despite claiming to have shut down last month, according to a U.S. blockchain intelligence firm, after Washington blacklisted the platform. The Chinese-language service Huione, also known as Haowang, continued processing transactions worth billions of dollars from a mirror site even after ceasing operation on its main homepage and the takedown of its official Telegram channels in early May, Chainalysis said in a blog post on Thursday. A Cambodian online marketplace linked to North Korean money laundering appears to be carrying out business as usual despite claiming to have shut down last month, according to a U.S. blockchain intelligence firm, after Washington blacklisted the platform. The Chinese-language service Huione, also known as Haowang, continued processing transactions worth billions of dollars from a mirror site even after ceasing operation on its main homepage and the takedown of its official Telegram channels in early May, Chainalysis said in a blog post on Thursday. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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Cambodian crypto market linked to North Korea still active despite US crackdown

Huione platform operating via mirror site after measures aimed at halting money laundering by DPRK cybercriminals

Shreyas Reddy June 12, 2025

Cambodian crypto market linked to North Korea still active despite US crackdown

Mirror site of Huione Crypto, one of the Cambodian firm's main cryptocurrency-based services targeted by the U.S. Treasury | Image: Screenshot of Huione Crypto homepage (June 12, 2025)

A Cambodian online marketplace linked to North Korean money laundering appears to be carrying out business as usual despite claiming to have shut down last month, according to a U.S. blockchain intelligence firm, after Washington blacklisted the platform.

The Chinese-language service Huione, also known as Haowang, continued processing transactions worth billions of dollars from a mirror site even after ceasing operation on its main homepage and the takedown of its official Telegram channels in early May, Chainalysis said in a blog post on Thursday.

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Cambodian crypto market linked to North Korea still active despite US crackdown

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