Cambodia's Huione Guarantee Enables Global Scams Worth $11 Billion: Report

Cambodia’s Huione Guarantee Enables Global Scams Worth $11 Billion: Report


Huione Guarantee, a Cambodian online platform said to be linked to the nation’s ruling family, allegedly enabled scams worth $11 billion and paid for in crypto, according to a research report. Services offered on the platform included “pig butchering,” deepfake production and money laundering, according to the Wired.

Huione Guarantee, a Cambodian online financial platform linked to the nation’s ruling family, is a marketplace enabling the global scam economy, particularly pig-butchering scams, to the tune of $11 billion, Wired alleged, citing its own research and information from crypto-tracing firm Elliptic.

Wired said the platform, which provides deposit and escrow capabilities for peer-to-peer transactions conducted

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