The U.S. has labeled Cambodia's Huione Group as a transnational criminal organization, accusing it of laundering money through South Korean cryptocurrency exchanges. The Financial Services Commission of Korea reported that Huione Guarantee, a subsidiary of the group, conducted approximately 15.9 billion KRW ($12 million) in USDT transactions over three years. The majority of these transactions, totaling 14.6 billion KRW, were processed through Bithumb, with smaller amounts through Upbit and Korbit. The laundered funds are allegedly linked to criminal activities in Cambodia, including kidnapping, human trafficking, and fraud, which have been on the rise.