A recent report by the Humanity Research Consultancy reveals that Cambodia's ruling elite is deeply involved in a massive global scam network fueled by cryptocurrency. The report links senior government officials to billion-dollar money laundering operations that exploit trafficked labor and untraceable digital currencies. The Cambodian People's Party is implicated in enabling and profiting from transnational fraud schemes, with Huione Group identified as a key player in this illicit industry worth up to $19 billion annually. The report's author, Jacob Sims, accuses the state of supporting criminal networks engaged in various scams, including human trafficking and crypto-related fraud. The findings align with a UNODC report warning of Southeast Asia's scam infrastructure expanding globally, with Cambodia at the forefront. Huione's involvement in launching its own stablecoin has further facilitated illicit payments, making Cambodia a hotspot for crypto-based fraud on a global scale. Read more AI-generated news on: https://app.chaingpt.org/news