Star: OKX has implemented strict anti-money laundering controls on Huione Group transactions, which may result in freezing funds and terminating related accounts

ChainCatcher news, OKX CEO Star posted on the X platform stating that the Huione Group has caused serious negative impacts in the field of crypto assets. In light of its potential risks, OKX has implemented strict anti-money laundering (AML) controls for transactions involving the group. Any crypto asset deposit or withdrawal transactions related to Huione will undergo compliance investigations. Based on the investigation results, the platform may take measures such as freezing funds or terminating account services.

It is reported that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) have jointly sanctioned the "Prince Group TCO" and its 146 associated individuals in collaboration with the UK Foreign, Commonwealth & Development Office (FCDO); meanwhile, the Huione Group has been placed on the Specially Designated Nationals list by the U.S. under Section 311 of the Patriot Act. Additionally, the U.S. Department of Justice (DOJ) has seized a record $15 billion in Bitcoin, which is related to large-scale crypto fraud activities in Southeast Asia.