• 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

10 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

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

OZAK AI Token Gains Traction Ahead of Major Exchange Listing

chest

The OZAK AI token is gaining attention as it approaches a potential listing on major exchanges like Binance, with presale price increasing from 0.0001 to 0.0014 and potential returns of up to 6,900%.

user avatarAisha Farooq

Binance Coin Loses Ground as Market Capitalization Drops

chest

Binance Coin's market capitalization has fallen significantly, losing its position as a top cryptocurrency.

user avatarLi Weicheng

The Dangers of Relying on Headline ESG Scores

chest

Headline ESG scores provided by agencies can be misleading and insufficient for investors.

user avatarLeo van der Veen

Ethereum Launches $2 Million Bug Bounty for Fusaka Upgrade

chest

Ethereum community initiates a $2 million bug bounty for security improvements during the Fusaka upgrade.

user avatarTenzin Dorje

Strategic Deployment of Savings for Investment Growth

chest

Strategic deployment of accumulated capital is essential for transitioning from stored cash to productive investments.

user avatarRajesh Kumar

Declining Mempool Activity Raises Concerns for Bitcoin Demand

chest

Declining mempool activity raises concerns for Bitcoin demand as pending transactions drop significantly, indicating weak demand and low on-chain activity.

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.