BlockBeats News, June 24th, the U.S. Department of Justice announced on Tuesday that it has seized a cloud computing account belonging to a subsidiary of Cambodia's Huvan Group. The U.S. Department of Justice stated that Huvan is "one of the world's most prolific criminal marketplaces," accused of aiding in laundering billions of dollars from cryptocurrency investment fraud and online scams.

The U.S. Department of Justice stated that the account provided technical support to Huvan's operations, enabling criminals to transfer, move, and conceal funds, and covertly convert funds into the banking system. A. Tysen Duva, Acting Assistant Attorney General of the Criminal Division at the U.S. Department of Justice, stated that the seizure has disrupted a key technology backbone that allowed billions of dollars in fraud proceeds to be transferred and hidden, with a significant portion of the funds coming from Southeast Asian scam operations.

Court documents reveal that the account facilitated the operation of Huvan Escrow. The platform is a Telegram-based marketplace where sellers trade stolen bank cards and identity data, proceeds from malware, as well as money laundering services for romance and investment scams. The platform also provides escrow services, assisting criminals, including money launderers, in using cryptocurrency transactions.