Huione's Wallet Transfers $1 Billion USDT to Major Exchanges

According to Odaily, recent data from Global Ledger reveals that the illicit goods marketplace Huione has reportedly transferred approximately $1 billion in USDT to major centralized exchanges (CEX) following its closure by FinCEN enforcement. Yury Serov, head of investigations at a Swiss blockchain analysis firm, noted that activities linked to Huione's wallets indicate the malware continues to be exposed to major exchanges. Although these transactions often occur indirectly, funds may be moved through nested service providers, over-the-counter platforms, or layered trading to obscure their original source. Despite these methods concealing direct exchange interactions, the underlying flow patterns still point to large centralized exchanges, suggesting ongoing operations.