The US Department of Justice has seized the cloud computing account of Huiwang Group used for money laundering

According to The Block, the US Department of Justice has seized a cloud computing account used by Cambodia's Huiwang Group, which is accused of being used to launder billions of dollars in cryptocurrency fraud proceeds. Assistant Attorney General A. Tysen Duva stated that the account provides technical support for the transfer and concealment of fraudulent funds through Southeast Asian fraud centers. This operation is part of the 'Torrent Operation', in which a subsidiary of Huiwang is suspected of assisting criminals in transferring funds from illegal activities such as investment fraud and cyber theft, and injecting them into the legitimate banking system, with a large number of theft activities related to North Korea.