🐲 OKX tightens controls on gambling-related deposits

🐲 OKX tightens controls on gambling-related deposits

Transfers from high-risk addresses can now trigger an AML review lasting at least 15 days. During this period, access to the account and funds will be blocked.

💧 What this is about: OKX owner Star Xu identified Telegram groups offering “guaranteed” deposits, including the Huiwang network (also known as Huione Guarantee), as high-risk channels. Before regulatory intervention, the platform had processed transactions worth more than USD 27 billion.

💧 Reference: the Huione platform was launched in 2021 as a P2P marketplace for vehicles and real estate, but soon became one of the main hubs for exchanging Chinese yuan 🇨🇳 and USDT among criminal groups in Southeast Asia. Huione Guarantee, a subsidiary of Cambodian🇰🇭 Huione Group, was involved in money laundering through South Korean🇰🇷 exchanges. The sources of funds included kidnapping, human trafficking, “pig-butchering” scams (romance scams), phishing and other criminal activities. Between 2021 and 2025, more than USD 27 billion in transactions were processed through the platform. In late 2025, the U.S. Department of the Treasury's Financial Crimes Enforcement Network🇺🇸 (FinCEN) sanctioned Huione Group and cut it off from the U.S. financial system, accusing the company, among other things, of having links to North Korean🇰🇵 cybercriminals.

💧 Results❓

💧 Reviews and freezes of wallets linked to Huione began at OKX last year after FinCEN intervened. Other platforms subsequently continued to apply similar measures, including Tudou Guarantee.

💧 For OKX, AML-related issues have become a major challenge: in 2025 alone, the platform paid more than USD 500 million in fines related to this area.

💧 In addition, a significant number of users with no connection to illicit activities were affected, with some accounts incorrectly flagged and blocked.

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