Korean Exchanges and Cambodia’s Huione See Explosive $8.9M Crypto Flow Amid Money Laundering Concerns

Crypto transfers between South Korea’s top exchanges and Cambodia’s Huione Guarantee surged nearly 1,400 times in 2024, hitting $8.9 million. This spike triggered alarms about money laundering linked to transnational crime in Southeast Asia, leading Korean platforms to halt dealings with Huione. Regulatory bodies are intensifying controls as suspicious activities continue into 2025, with stablecoins like Tether driving cross-border flows. Continue to read Korean Exchanges and Cambodia’s Huione See Explosive $8.9M Crypto Flow Amid Money Laundering Concerns