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The South Korean trading platform Prabang was attacked, resulting in a loss of approximately 100 million Korean won

According to reports from Yonhap News, the South Korean virtual asset trading platform Prabang has announced a temporary service suspension due to a hacker attack that resulted in an asset loss of approximately 100 million Korean Won, stating that it will fully compensate the affected funds with the company's own assets.According to industry sources, Prabang discovered abnormal transfers from its hot wallet on October 24 and immediately initiated an emergency response and comprehensive investigation, during which a security vulnerability was found. After confirming unauthorized external access on October 26, the platform reported the incident to relevant authorities and continues to investigate the cause and extent of the losses.Yonhap News stated that there have been a series of hacker-related incidents in the financial and virtual asset industry recently, with this being the first confirmed case of asset loss. The report mentioned that this incident appears to be different from the Prabang-related incident mentioned by financial authorities in the AI hacker intrusion inspection results on October 14. Additionally, on October 27, Bithumb experienced a hacker attack targeting its internal systems, leading to the leakage of employee personal information. On the same day, several Korean Won trading platforms also faced intrusion attempts targeting personal information and assets.

The U.S. Department of Justice has seized cloud computing accounts used by Huibang Group for laundering billions of dollars in cryptocurrency fraud proceeds

According to The Block, the U.S. Department of Justice has seized a cloud computing account used by Huione Group, which is accused of laundering billions of dollars in cryptocurrency scam proceeds. Assistant Attorney General A. Tysen Duva stated that the account constituted technical support, enabling the transfer and concealment of scam funds through Southeast Asian scam centers. This action is part of "Operation Choke Point," under which the U.S. Financial Crimes Enforcement Network had previously identified Huione Group as a primary money laundering concern.The statement claims that Huione's subsidiaries are suspected of assisting criminals in transferring funds from investment scams, cyber theft, and other illegal blockchain activities, ultimately injecting them into the legitimate banking system, with a significant amount of theft reportedly linked to North Korea. Huione's "Huione Guarantee" had previously posted advertisements for stolen credit cards, identity information, malware profits, and human trafficking services on Telegram channels. Blockchain analytics firm Elliptic pointed out that Huione launched the stablecoin USDH under financial pressure last year and developed a proprietary product line that includes a decentralized exchange, wallets, and "Huione Chain" (Xone).

Security Agency: Only 990,000 USDT remains on Huibang Payment, user withdrawals have been suspended

According to Cambodian media, Huionepay Group announced that due to recent changes in the external market environment, there has been a concentrated run on funds by millions of users in a short period. To ensure the safety of user funds and the smooth progress of subsequent payment processes, a phased delay in payment arrangements has been implemented after careful assessment and internal research.In response to this matter, the security agency Bitrace stated that Huionepay primarily operates its stablecoin payment business on the Ethereum and Tron networks. Among them, all business addresses on the Ethereum network had almost exhausted their USDT balances by October, with the last effective transfer occurring on November 3, after which there were no related withdrawal activities; on the Tron network, the business shutdown was gradual. On the 3rd, 7th, 17th, 19th, and 24th of that month, Huionepay gradually consolidated the balances of hot wallet addresses into at least a few addresses for user withdrawals. This fund was exhausted around the 28th, after which new addresses were urgently activated to consolidate user address funds to maintain operations.On-chain analysis shows that the daily USDT outflow from Huionepay has decreased from a peak of 41.83 million at the beginning of the month to 7.17 million on the 30th. Currently, on-chain analysis indicates that after Huionepay processed the last user withdrawal request on December 1 at 13:00 UTC+8, it completely stopped small withdrawals. Although the activity of consolidating user address funds is still ongoing, the funds are no longer flowing to ordinary user addresses but are being transferred out in large amounts. As of December 2, 2025, Huionepay's on-chain addresses had only 990,000 USDT remaining. This also means that the entity indeed ceased operations on December 1, consistent with the announcement made by Huione Group.
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