Summary: HuiOne Guarantee has emerged as the largest online illicit marketplace, surpassing Hydra with over $24 billion in cryptocurrency transactions. The platform is linked to various criminal activities, including money laundering and human trafficking, and has connections to organized crime groups globally.
Threat Actor: HuiOne Guarantee | HuiOne Guarantee
Victim: Global online users | online users
Key Point :
- HuiOne Guarantee has received at least $24 billion in cryptocurrency, significantly more than the defunct Hydra marketplace.
- The platform has been implicated in various scams, including romance baiting and money laundering services.
- HuiOne Pay, a subsidiary, has ties to North Korean hacking group Lazarus, receiving over $150,000 in cryptocurrency from their operations.
- Despite attempts to distance itself from illicit activities, the marketplace continues to thrive, with significant cash inflows and ongoing criminal operations.
- Recent launches by HuiOne Group include a stablecoin and a decentralized exchange, possibly to mitigate deplatforming risks.
Source: https://thehackernews.com/2025/01/illicit-huione-telegram-market.html