Huione-Linked Wallets May Continue Significant USDT Transfers to Centralized Exchanges Despite FinCEN Restrictions

Key Points

1. Huione-linked wallets moved over $10 billion in USDT on Tron and $219 million on Ethereum between May 1 and June 17, 2025, with $943 million flowing into major centralized exchanges.

2. Huione's operational footprint includes subsidiaries like Huione Crypto in Poland, sharing wallet infrastructure with entities such as Huione Pay.

3. Huione Guarantee's shutdown led to the emergence of over 30 new illicit marketplaces, filling the void in the darknet ecosystem.

4. Despite FinCEN's designation, Huione's wallets continue substantial USDT transactions, highlighting challenges in enforcing compliance.

5. Effective enforcement requires sophisticated analytics, cross-border collaboration, and adaptive regulatory frameworks to counter crypto-enabled criminal networks.