Huione Pay handles over $100B USDT transactions in 18 months

More than $50 billion USDT in deposits and $50 billion USDT in withdrawals have been handled via the Telegram-based illicit online marketplace Huione Pay over the past 18 months, according to blockchain security firm SlowMist on X. Earlier, on May 1, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed banning Huione Group from the U.S. financial system, alleging it facilitated crypto laundering for the Lazarus Group, which is comprised of North Korean hackers.