A comprehensive report by Humanity Research Consultancy reveals a massive crypto-based scam network in Cambodia, allegedly supported by senior government officials. The Huione Group, central to this scheme, controls platforms that handle billions in illicit funds, using forced labor and cryptocurrency to evade oversight. Key figures linked to the ruling elite, including relatives of the Prime Minister and high-ranking ministers, are named in connection with the fraud industry. The operations have expanded geographically and technologically, introducing stablecoins and proprietary blockchains to facilitate transnational crypto crimes that have spread globally. The report exposes the deep entanglement of political power, organized crime, and emerging crypto technologies fueling human exploitation and financial fraud.
Continue to read Cambodia’s $19 Billion Crypto Scam Web: Government Officials Implicated
A comprehensive report by Humanity Research Consultancy reveals a massive crypto-based scam network in Cambodia, allegedly supported by senior government officials. The Huione Group, central to this scheme, controls platforms that handle billions in illicit funds, using forced labor and cryptocurrency to evade oversight. Key figures linked to the ruling elite, including relatives of the Prime Minister and high-ranking ministers, are named in connection with the fraud industry. The operations have expanded geographically and technologically, introducing stablecoins and proprietary blockchains to facilitate transnational crypto crimes that have spread globally. The report exposes the deep entanglement of political power, organized crime, and emerging crypto technologies fueling human exploitation and financial fraud.
Continue to read Cambodia’s $19 Billion Crypto Scam Web: Government Officials Implicated
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