"Huione Guarantee Marketplace Exposed as Front for Cybercrime"
"Huione Guarantee Marketplace Exposed as Front for Cybercrime"
Cryptocurrency investigators at Elliptic have claimed a popular online marketplace in Southeast Asia is actually being used primarily by money launderers and fraudsters. The investigators claimed that Huione Guarantee is part of Cambodian conglomerate Huione Group, which is owned by the cousin of current prime minister Hun Manet. Merchants on the marketplace, launched in 2021 apparently as a place to trace legitimate goods like property and cars, have pulled in at least $11bn over the past three years.