According to Bloomberg's report on August 1, 2025, Cambodia's "Huione Group" is being accused of controlling a multinational fraud empire worth up to $24 billion. Its core platform "Huione Guarantee" is dubbed the "Amazon of the crime world," and is currently one of the largest hubs for telecommunications fraud and money laundering globally.
The platform operates secretly via Telegram, providing global fraud syndicates with various criminal templates such as "pig butchering scams," phishing websites, and sextortion, along with fake IDs, disguise software, money laundering channels, and technical support, offering a turnkey solution for fraud services upon payment.
In May 2025, the U.S. Treasury Department listed Huione as a "major money laundering concern," revealing its assistance in laundering over $4 billion for criminal networks, including North Korean hackers and "pig butchering" scam revenues. A United Nations report indicates that Huione relies on its political protection in Cambodia, transferring illicit funds through its subsidiaries Huione Pay and Huione Crypto.
Although Telegram has blocked some channels, the Huione network continues to operate swiftly. Experts warn that it has surpassed darknet markets and has become the biggest challenge for global anti-fraud systems. Only through global cooperation, financial sanctions, and technological containment can such systematic transnational fraud organizations be curbed.
