Huione Pay, world’s ‘largest online black market’ loses banking license, 29.62M USDT on TRON frozen by Tether

Huione Pay Loses Banking License For Online Black Market Ties

Cambodian bank Huione Pay loses its banking license for its involvement in illicit activities.  The activities involved were the sale of stolen data, torture devices, and money laundering.  Based on initial reports, Apple and Google removed Huione’s crypto app in January 2025.   Huione Group, a Cambodian conglomerate based in Phnom Penh, offers a range of products including payment platforms, insurance, and a cryptocurrency app. However, its Tel…

Huione Pay, world’s ‘largest online black market’ loses banking license, 29.62M USDT on TRON frozen by Tether

Huione Pay, the financial arm of a Cambodian conglomerate accused of facilitating illicit online transactions, has been stripped of its banking license, the National Bank of Cambodia confirmed this week. According to a Radio Free Asia exclusive, the company is part of Huione Group, an entity that oversees various financial and marketplace platforms. Among them is a Telegram-based marketplace that has been linked to an estimated $24 billion in il…