The ‘Largest Illicit Online Marketplace’ Ever Is Growing at an Alarming Rate, Report Says
ID: 258b1ed9-e548-570f-baa9-774f45a2e2f7
STIX ID: report--258b1ed9-e548-570f-baa9-774f45a2e2f7
Feed Name: WIRED Security
Elliptic research indicates that Huione Guarantee—a Chinese-language, Telegram-based marketplace—has enabled roughly $24B in gray-market activity by providing escrow and services that support pig-butchering and other online scams, primarily via Tether, while expanding into its own app, stablecoin, and exchange; researchers argue that disrupting the platform could materially reduce scam operations.
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