🔥Hot News! Blockchain analysis company Elliptic pointed out in a report on Wednesday that Huione Guarantee in the Cambodian market is suspected of facilitating money laundering and other criminal activities. 🕵️‍♂️Since its establishment in 2021, Huione and its merchants' crypto wallets have received at least $11 billion, mainly using USDT for transactions.

🔍Dig deeper, Elliptic found that Huione Guarantee is a branch of Huione Group, which operates the payment application Huione Pay and has ties to the insurance, aviation and real estate industries in Southeast Asia. 🤝Huione's executives are allegedly connected to Cambodian Prime Minister Hun Manet, and the platform turns a blind eye to criminal activities such as money laundering and "sexual exploitation".

🚫Elliptic has identified and marked hundreds of cryptocurrency addresses controlled by Huione to help prevent further money laundering. This is an important feedback to global regulatory dynamics and an important reference to industry trends. 💪Our optimism about Bitcoin remains unchanged, but we must remain vigilant against improper behavior in the industry!