Huione wallets have transferred about $1 billion worth of USDT to CEXs since FinCEN’s action

By: odaily.com|2025/07/08 21:41:50

Odaily News The latest data from Global Ledger shows that since Huione, an illegal commodity trading market, was allegedly shut down by FinCEN law enforcement, its wallet has transferred about $1 billion worth of USDT to major centralized exchanges (CEX). Yury Serov, head of investigations at a Swiss blockchain analysis company, pointed out that the activities of Huione-related wallets indicate that the malware continues to be exposed to major exchanges, although usually through indirect channels. Funds may be transferred through nested service providers, over-the-counter trading platforms, or layered transactions, thereby obscuring the original source. Although these methods can conceal direct exchange interactions, their underlying flow patterns still point to large centralized exchanges, indicating that they are still in operation. (Cointelegraph)

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