Cambodia's cyber scam industry has burgeoned into a $19 billion enterprise, exploiting cryptocurrencies and forced labor, according to a report by Humanity Research Consultancy. The Huione Group, linked to Cambodia's ruling family, operates platforms like Huione Guarantee, facilitating over $49 billion in crypto transactions since 2021. These platforms support scams such as "pig butchering," where victims are manipulated into transferring funds. The industry thrives on trafficked labor, with workers coerced into scam operations under dire conditions. Despite international sanctions and regulatory actions, including the revocation of Huione Pay's banking license, the scam networks persist, highlighting challenges in combating such transnational cybercrimes.
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$64,948.00
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ETH
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USDT
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$0.999699
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XRP
$1.04
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SOL
$75.38
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$0.328991
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HYPE
$54.53
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DOGE
$0.070355
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LEO
$9.70
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$500.31
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ADA
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$216.32
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XRP
$1.04
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SOL
$75.38
▲ +2.80%
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$0.328991
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FIGR_HELOC
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USDS
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$0.163521
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DAI
$0.999956
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BCH
$216.32
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USD1
$0.999746
▲ +0.00%
USDE
$0.999656
▲ +0.00%
GRAM
$1.36
▲ +2.20%
Mkt Cap $2.30T
BTC Dom 56.72 %
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ETH
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USDT
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BNB
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USDC
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XRP
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SOL
$75.38
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$0.328991
▲ +0.60%
FIGR_HELOC
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HYPE
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DOGE
$0.070355
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USDS
$0.999884
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RAIN
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LEO
$9.70
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ZEC
$500.31
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XLM
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USD1
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GRAM
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