INSUBCONTINENT EXCLUSIVE:
Five men have pleaded guilty to their roles in a $36.9 million international crypto scam scheme that targeted Americans, with funds
ultimately being sent to a crypto scam center in Cambodia.The crypto scammers used shell companies and US bank accounts to rake in the
laundering rings operating out of Asia, especially those linked to the North Korean state-backed Lazarus Group.Source: US Justice Department
Criminal DivisionThe defendants, Joseph Wong, Yicheng Zhang, Jose Somarriba, Shengsheng He and Jingliang Su, contacted victims directly
through social media, messaging platforms and dating apps, engaging in lengthy text and even calling the victims in order to win their trust
USDT, while Wong ran a money laundering network and wired victim funds to international bank accounts.Zhang also managed two US bank
accounts used to process the illicit funds.The stolen funds were ultimately sent to the leaders of the scam centers in Cambodia, the US
sentences for the money laundering conspiracy charges that they pleaded guilty to.The other three men could also receive up to five years in
17.Eight people have now pleaded guilty to crimes tied to the crypto scam operation, including Daren Li and Lu Zhang, who both pleaded
guilty to money laundering charges last year.US Treasury wants to cut off Huione over ties to crypto crimeIt comes as the US Treasury
Department is seeking to block Cambodia-based Huione Group from accessing the American banking system, accusing the firm of helping North
financial institutions from accessing correspondent or payable-through accounts tied to the Huione Group on May 1.Huione Group has
crypto analytics firm TRM Labs said it found transactional and behavioral ties between Huione Guarantee and another Telegram-based guarantee
