"With Huione Guarantee, the primary thing being sold is actually laundering of the proceeds of online scams. The vast majority of the funds that are going through the marketplace is in relation to vendors that are openly offering money laundering services who talk about the types of fraud proceeds that they're willing to accept."
"Meanwhile, as business booms, Huione Group has worked to downplay its association with the marketplace and the connection between Huione Guarantee and other linked services, like Huione Pay."
"Elliptic found that in the first three years of its operation, Huione Guarantee sellers moved around $11 billion on the platform. Less than a year later, researchers estimate that cumulative total to be $24 billion."
"The website for USDH describes it as 'not restricted' by regulators around the world and says that it 'avoids the common freezing and transfer restrictions' that can be applied to other cryptocurrencies."
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