Huione Pay Rebrands Amid Money Laundering Scandal
Update: 2025-12-02
Description
Huione Pay, a Cambodian financial company, abruptly halted withdrawals, causing panic among users. The company, part of the Huione Group, has been under scrutiny for money laundering and crypto scams. Regulators, including FinCEN, have cut off Huione Group from the U.S. financial system, and Cambodias central bank revoked Huione Pays license. Huione Pay and its associated Telegram marketplace processed $98 billion in illicit crypto transactions. Upbit closed over 200 accounts linked to Huione for suspected money laundering. Despite ongoing investigations, Huione Pay has reportedly rebranded to H-Pay, aiming to relaunch operations.
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