Huione Guarantee is a Cambodian online platform implicated in facilitating financial transactions for the 'pig butchering' crypto scam, which has stolen billions of dollars worldwide. Through an escrow service for peer-to-peer transactions via Tether on Telegram, Huione Guarantee has managed $11 billion in transactions, fueling a criminal industry that includes money laundering and coercion. Linked to the Cambodian ruling family, the platform is a critical nexus for scammers to trade tools and services, implicating it in a broader issue of human trafficking for forced scam operations.
Source: https://www.wired.com/story/pig-butchering-scam-crypto-huione-guarantee/
"id": "fin000071224",
"linkid": "financefeeds",
"type": "Breach",
"date": "7/2024",
"severity": "100",
"impact": "6",
"explanation": "Attack threatening the economy of geographical region"