Kraken acquires Asian stablecoin issuer for $600M. Cambodian PM's cousin admits to 30% stake in scam-linked Huione Pay. Asia Express.
4 min
May 11, 2026
Kraken buys Hong Kong payments firm, Cambodian PM's cousin distances himself from Huione Pay operations, and more.
written by
Yohan Yun , Staff Writer
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Last year, FinCEN designated Huione Group as a primary money laundering concern under the USA Patriot Act.
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