Cambodian online marketplace Huione Guarantee, linked to money laundering and cyber scams, facilitates $11bn+ in transactions.
Elliptic Research reveals that Huione Guarantee, a Cambodian online marketplace operated by the Huione Group, facilitates online scams in Southeast Asia, with transactions exceeding $11bn, a significant portion linked to money laundering and cyber scams. The platform, which operates mainly in Chinese, involves thousands of instant messaging app channels. The marketplace, part of a company linked to Cambodia's ruling family, offers technology, data, and money laundering services to cybercriminals.
July 10, 2024
6 Articles