Huione Garanti, a Cambodian online marketplace, is accused of supporting online scams in Southeast Asia. According to Elliptic, the platform has conducted transactions worth more than $11 billion, much of which is related to money laundering and cyber fraud. 🕵️‍♂️

Huione Garanti offers services necessary to carry out cyber fraud, including the sale of personal data, money laundering and software development for fraudulent sites.

Elliptic's investigation identified hundreds of crypto addresses associated with the platform and its sellers. This allows exchanges and other businesses to monitor transactions and prevent further laundering of illicit funds.