Analysts have discovered a fraudulent online market with a turnover of $11 billion in cryptocurrencies - we are talking about Huione Guarantee, a platform owned by Cambodia's ruling Hong family.
Huione Guarantee is an ecosystem of thousands of messaging channels operated by individual merchants - the largest category of which offers money transfer and money laundering services, as well as goods and services for "pig butchering" schemes where victims are lured into investing cryptocurrency that then they steal.
It is worth noting that Huione was created in 2021 as a marketplace for legal goods such as real estate or cars - however, most of the offers on the marketplace are aimed at cyber fraud operators.#BinanceTurns7 #BinanceTournament"