Huione Guarantee’s $11 Billion Scam Network Busted by Elliptic

  • 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.