Odaily News Blockchain analysis company Elliptic released a report on Wednesday saying that Huione Guarantee in the Cambodian market is suspected of facilitating money laundering and other criminal activities. Since its establishment in 2021, Huione and its merchants' crypto wallets have received at least $11 billion, mainly using USDT for transactions. Elliptic pointed out that Huione Guarantee is a branch of Huione Group, which operates the payment application Huione Pay and has ties to the insurance, aviation and real estate industries in Southeast Asia. Huione executives have ties to Cambodian Prime Minister Hun Manet and claim that the platform has turned a blind eye to criminal activities such as money laundering and "sexual exploitation." Elliptic has identified and marked hundreds of cryptocurrency addresses controlled by Huione to help prevent further money laundering. (The Block)