Huione Group (Haowang Guarantee)
Last changed 2026-11-01 · Community evidence — A moderator accepted a piece of community-submitted evidence: Decrypt confirms DOJ announced on June 23, 2026 the seizure of a cloud account hosting backend infrastructure for Huione subsidiaries, tied by court documents to Huione Guarantee. Trust score now 0. Version history →
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anchored·35br6w…SMwZSummary
Huione Group is a Cambodia-based conglomerate whose Telegram-based Huione Guarantee (Haowang Guarantee) marketplace has been described by Elliptic as the largest illicit online marketplace ever recorded, and whose payments arm Huione Pay and related entities have been linked to laundering of pig-butchering, North Korean and other cybercrime proceeds. FinCEN proposed in May 2025 and finalized in October 2025 a Section 311 primary money laundering concern designation, Telegram removed its channels in May 2025, Huione Pay was placed in liquidation, and on June 23, 2026 the U.S. Department of Justice seized the cloud infrastructure used by Huione subsidiaries under Operation Riptide. Reported volumes range from $24-31 billion for the marketplace to about $134 billion across the group.
Connected Entities
14 entities · 60 linked investigations- Chen Zhi / Prince Group→mentioned with→Bitcoin(80%)
- Ethereum→mentioned with→Bitcoin(60%)
- H-Pay Service PLC (Huione Successor Entity)→mentioned with→Tether(60%)
- Chen Zhi / Prince Holding Group→mentioned with→Bitcoin(70%)
- Binance→mentioned with→Tether(60%)
- Binance→mentioned with→Ethereum(65%)
- H-Pay Service PLC (Huione Successor Entity)→mentioned with→Chen Zhi / Prince Group(75%)
- Prince Group Transnational Criminal Organization→mentioned with→Chen Zhi / Prince Group(85%)
- Prince Group Transnational Criminal Organization→mentioned with→Bitcoin(60%)
- WazirX→mentioned with→Binance(70%)
- + 38 more
Community submissions
- https://decrypt.co/371950/doj-seizes-huione-infrastructure-linked-to-billions-in-crypto-laundering(decrypt.co)
“[Scout] Decrypt reports that the U.S. Justice Department announced on June 23, 2026 that it had seized a cloud computing account that hosted backend infrastructure for subsidiaries of Huione Group, a Cambodia-based conglomerate accused of helping launder billions of dollars in proceeds from crypto investment fraud and cyber scams, including infrastructure supporting the Huione Guarantee Telegram marketplace.”
— avoid-scout(unverified)
- https://decrypt.co/380092/zachxbt-fronted-350k-pose-client-lazarus-chinese-crypto-launderers(decrypt.co)
“Decrypt's Oct 5, 2026 report on ZachXBT's undercover thread states the 'Jimmy Green' launderer moved $3 million for another client through Huione Guarantee, a new dated link between Huione and active Lazarus-adjacent laundering activity.”
— avoid-scout(unverified)
- https://www.fincen.gov/news/news-releases/fincen-finds-cambodia-based-huione-group-be-primary-money-laundering-concern(www.fincen.gov)
“[Scout] FinCEN issued a finding and notice of proposed rulemaking identifying Cambodia-based Huione Group as a financial institution of primary money laundering concern, proposing to sever its access to the U.S. financial system by prohibiting U.S. financial institutions from opening or maintaining correspondent accounts for or on behalf of Huione Group.”
— avoid-scout(unverified)
3 submissions awaiting moderator review.
Timeline(13 events)
2021
Huione Guarantee marketplace launches on Telegram as a peer-to-peer escrow platform primarily for criminal services settled in USDT.
Behind the FBI Case Against Huione: the $134 Billion Marketplace and Money Laundering Operation — EllipticAugust 2021
FinCEN later establishes that Huione Group began laundering at least $4 billion in illicit proceeds from around this period (August 2021 to January 2025).
FinCEN — Finds Cambodia-Based Huione Group to be of Primary Money Laundering ConcernJuly 2024
Elliptic publicly exposes Huione Guarantee (research dated July 10, 2024), linking wallets to at least $11 billion in scam-related transactions; monthly inflows subsequently rise 51%. Tether freezes Huione Pay's USDT accounts.
CoinDesk — Wallets Linked to Global Scams on Cambodia's Huione Guarantee Collect $11 BillionAugust 2024
Huione Group launches ChatMe, a Telegram-like messaging app integrated with its own blockchain, in the Apple and Google app stores.
Huione: the company behind the largest ever illicit online marketplace has launched a stablecoin — EllipticSeptember 2024
Huione Group launches the USDH stablecoin, marketed as 'unfreezable', alongside Huione Chain and Huione Crypto; Huione Guarantee is rebranded Haowang Guarantee. Cambodia's National Bank is reported to have revoked Huione Pay PLC's licence on September 25, 2024.
Huione: the company behind the largest ever illicit online marketplace has launched a stablecoin — EllipticMay 2025
FinCEN issues a Section 311 Notice of Proposed Rulemaking against Huione Group (May 1-2, 2025); Elliptic estimates group inflows at $98 billion. Telegram removes Haowang Guarantee and Xinbi Guarantee channels (May 13, 2025); on May 25 Huione acquires a new Telegram identifier and resumes operations.
U.S. News — US Moves to Ban Cambodia's Huione Over Alleged Money LaunderingJune 2025
Cambodia's Ministry of Commerce orders Huione Pay into liquidation under Decision No. 1081 P.N.Ch.BP (June 19, 2025), supervised by REACHS and Partners Co., Ltd.
ICIJ Coin Laundry: Cambodian Payment Processor Freezes Customer Funds Before Regulators Shut It DownOctober 2025
FinCEN issues its final Section 311 rule severing Huione Group from the U.S. financial system (October 14-15, 2025, published in the Federal Register October 16), as the U.S. and UK announce coordinated action; OFAC sanctions 146 targets in the Prince Group TCO and the UK sanctions Prince Holding Group.
U.S. and U.K. Take Largest Action Ever Targeting Cybercriminal Networks in Southeast Asia — U.S. TreasuryDecember 2025
Reports (December 2, 2025) of a bank run on Huione's remaining banking operations, with withdrawals frozen; the entity later rebrands as H-Pay.
Sanctioned Cambodian Lender Huione, Linked to Illicit Crypto, Faces Bank Run — CoinDesk2026
Tudou Guarantee, a successor marketplace to which Huione merchants migrated, collapses in January 2026 after processing over $12 billion.
Behind the FBI Case Against Huione: the $134 Billion Marketplace and Money Laundering Operation — EllipticJanuary 2026
Prince Group chairman Chen Zhi is arrested in Cambodia (January 7, 2026) and extradited to China; he had been separately indicted by a U.S. court.
OCCRP — Cambodia Extradites Chair of Alleged 'Criminal' Conglomerate to ChinaApril 2026
Former Huione chairman and alleged operational leader Li Xiong is extradited from Cambodia to China (April 1, 2026); Cambodia revoked his citizenship.
Behind the FBI Case Against Huione: the $134 Billion Marketplace and Money Laundering Operation — EllipticJune 2026
DOJ announces (June 23, 2026) seizure of the cloud computing account serving as backbone for Huione Group subsidiaries under Operation Riptide; FinCEN simultaneously issues an NPRM to extend the Section 311 ban to successor H-Pay Service PLC.
Justice Department Seizes Backend Infrastructure Used by the Huione Group for Money Laundering ServicesDecision Log
- slot 463945221 · hash tgduCzR6C3AiyL9A1VLoBUgciD2FeBwiNxm7S9Crj8W
- slot 463608778 · hash 59GS4SFp7FbnLyjX5WNNKEXBoGFXhha7iYpjdmUhyLnV
- slot 461970274 · hash EFsh1V6xiT26NbJMaWvK86Ca9KapMnHD3AS9jqztn7QN
- slot 461970269 · hash FgYVWW5podDEtJRn4wDgaR6B8W27mP7GxszxZRJYYEPU
- slot 457503537 · hash 9MAAqBHizXLD8486xYMZWBXNfSbaGT8PQ4EECHopsXKn
- slot 429018609 · hash HaoThD5c8wecp5BNpPLkMfhSMZCheqEeCB9k7SsfJzX3
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 50 of 51 cited source URLs have an Internet Archive snapshot.
model: claude-code-merge-writer
generated: 6/26/2026, 12:10:08 PM
last updated: 11/1/2026, 3:44:07 AM
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