Illicit crypto volume could have reached $51b in 2024: report
Cryptocurrency illicit activity is diversifying, with illicit crypto volumes for 2024 expected to surpass $51 billion, according to a new report. While the total volume identified so far is $40.9 billion, historical trends suggest that figure will grow as more wallet addresses are linked to criminal activity, according to Chainalysis’s 2025 Crypto Crime’s report. The […]
Huione, company behind largest illicit online marketplace, launches stablecoin: report
Huione Group, a Cambodian conglomerate linked to the largest illicit online marketplace, has launched its own stablecoin, USDH. The news comes via an Elliptic report and comes despite ongoing scrutiny of its subsidiary, Huione Guarantee, a Telegram-based platform serving cybercriminals in Southeast Asia Elliptic’s research revealed that Huione Guarantee has facilitated at least $24 billion […]
Taiwanese man arrested for illicit USDT use, first case under new AML laws
Taiwanese authorities have apprehended a 30-year-old man, identified as Chen, for operating as an unregistered virtual currency dealer under newly enforced anti-money laundering regulations. Chen, based in Kaohsiung, had been using Facebook groups to solicit cryptocurrency trades and arrange in-person transactions where he exchanged Tether (USDT) for cash. Despite the new law, Chen reportedly completed […]
