The $11 Billion Marketplace Enabling the Crypto Scam Economy
ID: a1f51761-4025-5a51-b70f-1fc63034b396
STIX ID: report--a1f51761-4025-5a51-b70f-1fc63034b396
Feed Name: WIRED Security
Threat Score
The excerpt describes Huione Guarantee, an online marketplace that supports large-scale cryptocurrency scams (pig‑butchering), where researchers observed reuse of identical code and scam toolkits across fake investment platforms and exchanges; analysts tracked at least $11 billion in revenue since 2021 but note this is a lower bound due to hidden VIP channels and opaque seller activity, and the marketplace uses specific jargon and operational practices that complicate investigation.
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