Cambodia’s $19B Crypto Scam Empire Uncovered – A Wake-Up Call for the Blockchain World
#SecurityBreach #CryptoCrime #USDT #Ethereum
🚨 Breaking Report:
A shocking investigation by the Humanity Research Consultancy has exposed a $19 billion scam empire operating out of Cambodia — with deep ties to the country’s political elite and cryptocurrency.
🕵️♂️ What's Going On?$XRP
According to the report, senior Cambodian officials are allegedly involved in a transnational fraud network fueled by crypto assets like Ethereum $ETH and Tether (USDT). These scams rely on untraceable digital transactions and forced labor — a disturbing combo reshaping the criminal underworld.
💸 Who’s Behind It?
At the center: Huione Group, accused of laundering billions and even launching its own stablecoin to facilitate illicit payments. The scale?
⚠️ $19 $BTC Billion Annually!
🧠 Expert Insight:
Jacob Sims, the report's author, claims Cambodia’s state is not just complicit — it’s enabling these operations. This aligns with UNODC warnings that Southeast Asia is fast becoming a global scam hub powered by crypto.
