Bitcoin

<ul><li>Huione Guarantee tied to $11B crypto scams since 2021.</li><li>Cambodian Huione Group implicated in crypto fraud, laundering.</li><li>Links found between Huione Group and the PM&#39;s cousin, Hun To.</li></ul>A recent <a href="https://www.elliptic.co/blog/cyber-scam-marketplace" rel="noopener noreferrer nofollow">report</a> from Elliptic Research details an analysis of the Huione Guarantee, an online marketplace. The Huione Group, which operates Huione Guarantee, is part of a larger Cambodian conglomerate. It is allegedly involved in facilitating cyber scams across <a href="https://cryptotale.org/southeast-asia-embraces-crypto-singapore-tops-timor-leste-catches-up/" rel="noopener noreferrer nofollow">Southeast Asia</a>, with a particular emphasis on &#34;pig butchering&#34; scams. These are deceitful schemes where individuals are manipulated into fraudulent investment opportunities, leading to significant financial losses.Services Supporting Cyber ScamsThe platform is purported to offer various services and products that support these scams. This includes software for fake investment sites, personal data for targeting potential victims, and tools used to control individuals forced to work in scam compounds.Role of Huione Guarantee in Fraudulent TransactionsHuione Guarantee functions as an escrow or guarantor for transactions, primarily conducted in the USDT stablecoin. Despite claims of neutrality, evidence suggests that the platform is a hotspot for transactions related to cyber fraud, particularly those operated by organized <a href="https://cryptotale.org/the-us-doj-arrests-chinese-nationals-for-orchestrating-73m-crypto-scam/" rel="noopener noreferrer nofollow">crime groups from China</a>, often based in special economic zones in Southeast Asia.<a href="https://cryptotale.org/cambodian-conglomerates-platform-linked-to-11b-crypto-fraud/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Cambodian Conglomerate's Platform Linked to $11B Crypto Fraud

CryptoTale

Alte articole publicate pe 11 iul. 2024

US House fails to override Biden’s veto of SAB 121 resolution

Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Here’s When

Airdrop Calendar: July 2024 Edition

Litecoin Price Prediction: Can LTC Price reach $100 in July?

Buyer of Oil King Pepe (OILPEPE) Solana Memecoin Makes Huge 6,500% Profit But Waits For Another 2...

BlockDAG's X30 Miner Set to Dominate with $9,000 Daily Earnings by 2025, Grabbing Attention From ...

Join our free newsletter for daily crypto updates!