TechFlow reports, blockchain analytics firm Elliptic said in a report on Wednesday that Cambodia-based platform Huione Guarantee is suspected of money laundering and other criminal activities.
Since its establishment in 2021, Huione and its merchants' cryptocurrency wallets have received at least $11 billion, primarily transacting in Tether (USDT). Elliptic noted that Huione executives have connections to Cambodian Prime Minister Hun Manet, and alleged the platform has turned a blind eye to criminal activities including money laundering and "sexual exploitation."
Elliptic has identified and flagged hundreds of cryptocurrency addresses controlled by Huione to help prevent further money laundering activities.
Add to Favorites
Share to Social Media
