- Elliptic Research reports that Huione Guarantee facilitates scams across Southeast Asia, handling over $11 billion in transactions;
- Huione Guarantee operates thousands of messaging channels managed by merchants who offer services for cyber scams;
- The platform primarily uses USDT for transactions thus Elliptic was able to trace thousands of related crypto addresses.
Source: https://www.bitdegree.org/crypto/news/huione-guarantees-11-billion-scam-network-busted-by-elliptic?utm_source=reddit&utm_medium=social&utm_campaign=r-huione-scam