the company behind the largest ever illicit online marketplace has launched a stablecoin
- Huione Guarantee is a Telegram-based marketplace serving fraudsters in South East Asia, including those responsible for so-called “pig butchering” scams.
- Merchants on the platform sell technology, personal data and money laundering services. With transactions totaling at least $24 billion, it is the largest illicit online marketplace to have ever operated.
- Huione Group has recently launched a range of crypto-related products including a US dollar stablecoin, blockchain, crypto exchange and messaging app.
- Elliptic has identified thousands of wallet addresses associated with Huione businesses and illicit vendors operating on Huione Guarantee, enabling our customers to protect themselves from exposure to this activity.
In July…
