Huione Guarantee: The multi-billion dollar marketplace used by online scammers
Contents
- Huione Guarantee is an online marketplace that has become widely used by scam operators in South East Asia, including those involved in so-called “pig butchering”. Merchants on the platform offer technology, data and money laundering services, and have engaged in transactions totaling at least $11 billion.
- Huione Guarantee is part of Huione Group, a Cambodian conglomerate with links to Cambodia’s ruling Hun family.
- Our research indicates that another Huione business is actively involved in laundering proceeds of scams from around the world.
- Elliptic customers are able to protect themselves against exposure to this activity through the use of our cryptoasset transaction screening and investigative solutions.
Online scams have led to tens of billions of dollars being stolen from millions of victims across the world. Perhaps most well known are the so-called pig butchering scams, where fraudsters develop relationships with victims and eventually persuade them to invest in sham investment schemes. …
- Huione Guarantee is part of Huione Group, a Cambodian conglomerate with links to Cambodia’s ruling Hun family.
- Our research indicates that another Huione business is actively involved in laundering proceeds of scams from around the world.
- Elliptic customers are able to protect themselves against exposure to this activity through the use of our cryptoasset transaction screening and investigative solutions.
Online scams have led to tens of billions of dollars being stolen from millions of victims across the world. Perhaps most well known are the so-called pig butchering scams, where fraudsters develop relationships with victims and eventually persuade them to invest in sham investment schemes. …