• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How Huione Guarantee Became the Largest Online Market for Illegal Operations

user avatar

by Giorgi Kostiuk

a year ago

Huione Guarantee, dubbed as the 'largest illicit online marketplace', has seen a significant 51% growth over the past six months due to its September launch of a stablecoin USDH.

Launch of USD Stablecoin and Its Impact

Huione Guarantee's growth was significantly boosted by the September launch of its USDH stablecoin aimed at avoiding regulatory oversight. USDH was issued on multiple blockchains, including Ethereum, BNB Chain, and Tron.

Elliptic Investigation and Findings

Elliptic reported that monthly inflows increased by 51% and the user base has surpassed 900,000. The platform represents the largest illicit online marketplace, heavily contributing to money laundering operations in Southeast Asia.

"Perhaps no other single entity bears as much responsibility for the global cyber scam epidemic as Huione Guarantee."

Huione's Technological Developments

Huione launched its own blockchain Huione Chain and a decentralized exchange, alongside a messaging service, which reduces reliance on third-party apps like Telegram.

Huione Guarantee's latest advancements highlight rapid growth and technological innovation. However, the platform remains under scrutiny due to suspected involvement in illicit activities.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Hong Kong to Issue Crypto Licenses in March 2026 Amid China’s Ban

chest

Hong Kong is set to issue crypto licenses in March 2026, despite ongoing cryptocurrency restrictions in mainland China.

user avatarMaya Lundqvist

BRICS Dedollarization Concerns Impact Hong Kong's Crypto Licensing

chest

Concerns about BRICS dedollarization are complicating crypto licensing in Hong Kong, as stablecoins challenge China's monetary control.

user avatarKaterina Papadopoulou

HBAR Faces Technical Challenges Amidst Subdued Market Momentum

chest

Hedera HBAR is trading around the 0.09 mark, testing a key support level while facing bearish trends.

user avatarLeo van der Veen

XRP Ledger Expands Escrow Functionality with Token Escrow XLS85 Activation

chest

On February 12, 2026, the XRP Ledger activated Token Escrow XLS85 on its mainnet, enhancing escrow capabilities to include Trustline-based tokens and MultiPurpose Tokens.

user avatarLi Weicheng

XRP Approaches Critical Moment Amid Regulatory Uncertainty

chest

Finance expert Coach JV discusses the potential impact of regulatory developments on XRP's future, highlighting regulatory delays and policy uncertainty as key factors influencing the token's next moves.

user avatarAisha Farooq

Bitcoin's Combined Market Index Falls to Low Levels

chest

A recent report indicates that Bitcoin's Combined Market Index (BCMI) has dropped to historically low levels, suggesting a potential shift towards a bear market.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.