According to CoinDesk, Phnom Penh-based Huione Pay, a payments company linked to Cambodia's ruling family, received over $150,000 worth of cryptocurrency from a wallet associated with North Korean hackers Lazarus. The funds were transferred between June last year and February this year, as reported by Reuters, citing blockchain data. The stolen crypto originated from three crypto companies targeted by Lazarus hackers in June and July of the previous year.
Huione Pay stated that it was unaware of receiving funds indirectly from the hacks. The National Bank of Cambodia informed Reuters that the company is not authorized to deal or trade in cryptocurrency and emphasized that it would not hesitate to impose corrective measures against the platform if necessary.
Huione Pay is also associated with Huione Guarantee, a marketplace identified by crypto-tracing firm Elliptic as hosting merchants whose customers include scam artists involved in schemes such as pig-butchering. Despite multiple requests, Huione Pay did not respond to CoinDesk's inquiries for comment.