US Treasury hits Huione – is this the start of real enforcement against pig butchering?
EtherVisions · 2026-06-27 21:05 UTC · 1,681 views
Just saw the Treasury slapped Huione with sanctions for running crypto laundering pipelines for the Prince Group. Chainalysis helped trace the flows. 15 on the fear index and BTC barely moving—market's numb to this stuff until someone actually gets arrested.
What I'm watching: if they start going after the exchanges that processed these transactions, that's when liquidity dries up for the "shadow" side of DeFi. Pig butchering scams have been rampant in SE Asia for years. The timing is interesting with Fed stress tests showing banks can handle a 10% unemployment shock—maybe they're clearing the deck for tighter crypto AML rules without wrecking the traditional system.
Anyone know if Huione was tied to any major bridges or just OTC desks? This could be a turning point for how OFAC treats mixers and privacy protocols.
What I'm watching: if they start going after the exchanges that processed these transactions, that's when liquidity dries up for the "shadow" side of DeFi. Pig butchering scams have been rampant in SE Asia for years. The timing is interesting with Fed stress tests showing banks can handle a 10% unemployment shock—maybe they're clearing the deck for tighter crypto AML rules without wrecking the traditional system.
Anyone know if Huione was tied to any major bridges or just OTC desks? This could be a turning point for how OFAC treats mixers and privacy protocols.
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