Elliptic: Cambodia Huione Guarantee suspected of money laundering, hundreds of related crypto addresses have been marked
Odaily2024/07/10 08:25
By:Odaily
Odaily News
Blockchain analysis company Elliptic released a report on Wednesday saying that Huione Guarantee in the Cambodian
market is suspected of facilitating money laundering and other criminal activities. Since its establishment in 2021, Huione and its merchants crypto wallets have received at least $11 billion, mainly using USDT for transactions. Elliptic pointed out that Huione Guarantee is a branch of Huione Group, which operates the payment application Huione Pay and has ties to the insurance, aviation and real estate industries in Southeast Asia. Huione executives have ties to Cambodian Prime Minister Hun Manet and claim that the platform has turned a blind eye to criminal activities such as money laundering and sexual exploitation. Elliptic has identified and marked hundreds of
cryptocurrency addresses controlled by Huione to help prevent further money laundering. (The Block)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
BTC falls below $93,000
Cointime•2025/04/23 15:22
Solana Foundation to Implement New Policies for Validators Joining and Exiting Delegation Program
Cointime•2025/04/23 15:22
Canary Registers SEI ETF Supporting Staking
Cointime•2025/04/23 15:22
SOL Strategies Secures Up to $500 Million in Convertible Note Financing
Cointime•2025/04/23 15:22
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$91,996.03
+1.05%

Ethereum
ETH
$1,763.74
+3.11%

Tether USDt
USDT
$0.9999
-0.07%

XRP
XRP
$2.2
+1.23%

BNB
BNB
$604.31
-1.23%

Solana
SOL
$149.22
+2.84%

USDC
USDC
$0.9999
-0.01%

Dogecoin
DOGE
$0.1758
+1.97%

Cardano
ADA
$0.6874
+3.82%

TRON
TRX
$0.2442
-1.01%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now