Man indicted for laundering $554M using Cambodia's Huione Pay

A South Korean man in his 30s has been arrested and indicted for laundering approximately 747.6 billion won ($554 million) in criminal proceeds using the payment system of Cambodia's Huione Group, Yonhap News reported. According to South Korea's Incheon District Prosecutors' Office, the suspect is accused of selling criminally-sourced cryptocurrency on a domestic exchange and converting it to Korean won between March 2022 and August 2025. He allegedly received 1.6 billion won ($1.2 million) for his services.