A $24 billion international fraud network exposed! "Huiwang Group" is dubbed the Amazon of the black industry.

Recently, intelligence agencies from multiple countries have issued a warning that Cambodia's Huione Group is manipulating a global network of telecommunications fraud and money laundering, with the amount involved reaching up to $24 billion. Its subsidiary, "Huione Guarantee," is dubbed the "Amazon of the crime industry," providing a one-stop service for black and gray production services to global fraud gangs.

This platform operates through the dark web channel of Telegram, offering a complete toolkit from money laundering accounts, scam scripts, fake identities, counterfeit software to technical support. Fraud modes such as "pig butchering," "nude chat scams," "phishing websites," and "customer service scams" are available for a fee, making it easy to "start work," akin to "Scam SaaS."

🇺🇸 The U.S. Treasury Department has named it, prohibiting its participation in dollar transactions

By May 2025, the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has listed the Huione Group as a "significant money laundering risk target entity" and urged the global financial system to prohibit its use of the dollar for settlements.

According to investigations, Huione has assisted criminal organizations in laundering over $4 billion across borders, including funds from North Korean hacker organizations, as well as supporting various scam gangs in transferring illegal profits of $36 million.

Enjoying a "protective umbrella" in Cambodia? Subsidiaries aid in transferring black money

A United Nations report also points out that the Huione Group uses its political connections and regulatory vacuum in Cambodia to provide systematic protection for online scams. Its subsidiaries, such as:

Huione Pay

Huione Crypto

are used as channels for funds and tools for cross-border cryptocurrency laundering.

Experts: It's more dangerous than the dark web

Although Telegram has blocked some channels, related scam gangs quickly shift their operations and continue to operate. Security experts bluntly state:

"Huione is no longer an ordinary platform, but a new type of criminal ecosystem that integrates the dark web, finance, and social tools, becoming the biggest challenge for global anti-scam efforts."

Recommendations for response: International collaboration + financial blockade + technical tracking

Experts call for governments to coordinate financial sanctions, cryptocurrency asset regulation, IP tracking, and platform strike measures to block its expansion paths multidimensionally, preventing more countries from becoming stepping stones for scam black money.