5 months ago
In response ZachXBT to his Publication
2/4 Over the weekend Tether blacklisted a wallet with 29.6M USDT on Tron connected to Huione.
~$14M flowed into this wallet from the DMM Bitcoin hack in a 3 day period.
TNVaKWQzau7xL9bcnvLmF9KSEQkWEs4Ug8
~$14M flowed into this wallet from the DMM Bitcoin hack in a 3 day period.
TNVaKWQzau7xL9bcnvLmF9KSEQkWEs4Ug8
3/4 The laundering path for funds transferred to Huione from the DMM Bitcoin hack can be summarized as:
1) Deposit BTC to mixer from the hack
2) Withdraw BTC from mixer
3) Bridge funds from Bitcoin to Ethereum or Avalanche via THORChain, Threshold, Avalanche bridge
4) Swap for USDT and bridge to Tron via SWFT
5) Transfer USDT to Huione
1) Deposit BTC to mixer from the hack
2) Withdraw BTC from mixer
3) Bridge funds from Bitcoin to Ethereum or Avalanche via THORChain, Threshold, Avalanche bridge
4) Swap for USDT and bridge to Tron via SWFT
5) Transfer USDT to Huione
5 months ago
In response ZachXBT to his Publication
5 months ago
In response ZachXBT to his Publication
4/4 Huione has become a major hub for illicit funds in South East Asia, primarily being used by criminal organizations such as pig butchering gangs.
A recent report by the blockchain analytics firm Elliptic revealed that merchants on the platform have done an estimated $11B + in volume and they alleged that Huione Group has ties with the Cambodian government.
EX: Last year I found millions from the $31M Fintoch investment fraud scheme went to Huione.
A recent report by the blockchain analytics firm Elliptic revealed that merchants on the platform have done an estimated $11B + in volume and they alleged that Huione Group has ties with the Cambodian government.
EX: Last year I found millions from the $31M Fintoch investment fraud scheme went to Huione.
