• 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

3 months 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

Share

Other news

Crypto Industry Trends: Examining Arctic Pablo Coin, Cheems, and Book of Meme

Overview of the latest cryptocurrency developments: Arctic Pablo Coin, Cheems, and Book of Meme.

user avatarGiorgi Kostiuk

a few seconds ago

Ripple Introduces RLUSD to Enhance Global Payments

Ripple Labs integrates RLUSD to simplify cross-border payments and increase liquidity.

user avatarGiorgi Kostiuk

a few seconds ago

Cryptocurrencies Worth Watching: Qubetics, HNT, and AAVE

An overview of Qubetics, HNT, and AAVE: innovations and prospects through 2025.

user avatarGiorgi Kostiuk

a few seconds ago

Galaxy Digital Expands Derivatives Trading Capabilities After FCA Approval

Galaxy Digital has received FCA approval for derivatives trading, expanding financial services in the UK.

user avatarGiorgi Kostiuk

a minute ago

Ripple Labs Launches RLUSD to Enhance International Transactions

Ripple Labs has integrated RLUSD into the Ripple Payments platform to simplify international transactions and expand the stablecoin's institutional use.

user avatarGiorgi Kostiuk

10 minutes ago

BlockDAG Aims for 15,000 TPS as Ethereum and ETC Decline

BlockDAG tests 15K TPS on beta testnet, while Ethereum and ETC struggle for stability.

user avatarGiorgi Kostiuk

11 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.