Cambodian marketplace linked to scams and money laundering

abc.net.au

Cambodian online marketplace Huione Guarantee, linked to the ruling family, is reportedly facilitating money laundering and selling "detention equipment" for scammers, targeting victims globally, including Australians. A UK report revealed over $11 billion in cryptocurrency transactions since 2021, with many listings aimed at cyber scam operators. Following the report, law enforcement froze $29.62 million in cryptocurrency linked to fraudulent activities.


With a significance score of 4.8, this news ranks in the top 1.7% of today's 22768 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Cambodian marketplace linked to scams and money laundering | News Minimalist