Huione Group
Huione Group is a Cambodian financial conglomerate, headquartered in Phnom Penh. Some of its products and subsidiaries include Huione Pay , Huione Guarantee , and Huione Crypto . The company is linked to Cambodia's ruling Hun family, which includes the current prime minister, Hun Manet. His cousin Hun To is a major shareholder and director of Huione Pay.In July 2024, the blockchain analytics firm Elliptic linked Huione Guarantee to the sale of stolen data and money laundering services used to conduct illegal activities, such as the so-called pig butchering scam. In March 2025, the National Bank of Cambodia revoked Huione Pay's banking license. In May, the U.S. Department of the Treasury's Financial Crimes Enforcement Network found Huione Group to be a financial institution of primary money laundering concern and proposed to sever its access to the U.S. financial system. FinCEN reported that Huione Group laundered over US$4 billion in illegal funds from August 2021 to January 2025, including US$37 million from North Korean cyber heists and US$36 million from fraud scams. Shortly after, Telegram deleted thousands of channels used by Huione Guarantee and banned several accounts that had operated the marketplace. It has grown to become the largest criminal marketplace of all time, with transactions totalling more than $27 billion.