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<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

Інші статті, опубліковані 11 лип. 2024 р.

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