Since FinCEN took action, Huione wallet has transferred about $1 billion worth of USDT to CEX

Global Ledger's latest data shows that since the illegal goods trading market Huione was reportedly closed down by FinCEN enforcement, its wallet has transferred approximately $1 billion worth of USDT to major centralized exchanges (CEX). Yury Serov, the investigation director of a Swiss blockchain analysis company, pointed out that the activity of Huione-related wallets indicates that the malware is still continuously exposed to major exchanges, typically through indirect channels. Funds may be transferred through nested service providers, over-the-counter trading platforms, or layered trading, thereby obscuring the original source. Although these methods can conceal direct exchange interactions, the underlying liquidity patterns still point to large centralized exchanges, suggesting they are still continuing operations. (Cointelegraph)