Elliptic exposes $11B scam network via Huione Guarantee
Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions.
Huione Guarantee, an online marketplace run by the Cambodian conglomerate Huione Group, has been implicated in facilitating online scams in Southeast Asia.
According to the latest Elliptic Research report, the platform engaged in transactions surpassing $11 billion, a substantial portion linked to money laundering and cyber scams.
Speaking with Cointelegraph, Dr. Tom Robinson, co-founder and chief scientist at Elliptic, explained that the team could “quantify” the cryptocurrency transactions due to “the transparency of the blockchain.”
Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions.
Huione Guarantee, an online marketplace run by the Cambodian conglomerate Huione Group, has been implicated in facilitating online scams in Southeast Asia.According to the latest Elliptic Research report, the platform engaged in transactions surpassing $11 billion, a substantial portion linked to money laundering and cyber scams.Speaking with Cointelegraph, Dr. Tom Robinson, co-founder and chief scientist at Elliptic, explained that the team could “quantify” the cryptocurrency transactions due to “the transparency of the blockchain.”Read more