The takedown of Huione Guarantee, one of the largest crypto-enabled darknet marketplaces, has sparked a swift migration of users and vendors to alternative platforms, with at least 30 Telegram-based marketplaces experiencing a sharp uptick in activity. In a report published on June 23, Elliptic identified Tudou Guarantee as the biggest ...
Read moreDetailsDespite the public shutdown of its website and Telegram channels, major darknet marketplace Huione is not only still active—it’s growing. Recent blockchain data reveals the platform is still processing billions in cryptocurrency, defying efforts by law enforcement and financial regulators to shut it down. On May 13, Haowang Guarantee, formerly ...
Read moreDetailsThe U.S. Treasury Department is targeting the Cambodia-based Huione Group over allegations of laundering billions in illicit cryptocurrency, including funds connected to North Korea's Lazarus Group. They propose cutting the firm off from the American financial system. Announced on May 1 by the Treasury’s Financial Crimes Enforcement Network (FinCEN), the ...
Read moreDetailsBlockchain analytics firm Elliptic has released a report alleging that Cambodia-based crypto marketplace Huoine Guarantee is involved in facilitating money laundering and other illicit activities. The report, published on Wednesday, July 10, 2024, claims that Huoine Guarantee has played a role in laundering proceeds from global scams. Transactions linked to ...
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