Jan 16, 06:20 AM

Huione Guarantee Reports 51% Growth, $24 Billion in Crypto Transactions, $4 Billion in Q4, and Launches USDH Stablecoin

Huione Guarantee, identified as the largest illegal online marketplace, has reported a 51% growth in monthly inflows over the past six months, according to analysts from Elliptic. The platform has processed over $24 billion in cryptocurrency transactions, with $4 billion received in the fourth quarter alone. Huione has attracted approximately 900,000 users and is involved in scams such as 'pig butchering' and money laundering on a substantial scale. Recently, Huione launched a stablecoin, USDH, and introduced Xone Chain, a decentralized exchange aimed at bypassing regulations. The total amount of cryptocurrency within Huione's wallets has reached $89 billion, indicating its extensive operation in the illicit market.

#Huione Guarantee #Elliptic #Huione #USDH #Xone Chain

Written with ChatGPT (GPT-4o mini).