Cambodia
Sanctioned Cambodian Lender Huione, Linked to Illicit Crypto, Halts Business After Bank Run: Report
The scandal-plagued platform blamed a surge in withdrawals for its shutdown, the latest fallout from U.S. sanctions and money-laundering allegations targeting the wider Huione network.
South Korean Crypto Exchanges See 1,400x Jump in Flows Linked to Sanctioned Cambodian Entities
Bithumb led with 12.4 billion won, followed by Upbit with 366 million won. Smaller amounts moved through Coinone and Korbit, while Gopax reported no activity.
U.S. Targets Cambodian Pig Butchering, Takes $14B in Bitcoin as Biggest Ever Seizure
As the Justice Department pursues Prince Group's leader, the Treasury Department sanctioned the company while also severing Huione from the U.S. finance.
Cambodian Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
Cambodian Payments Firm Received $150K From North Korean Hackers Lazarus Wallet: Reuters
The crypto was stolen by Lazarus hackers from three crypto companies in June and July last year.
Wallets Linked to Global Scams on Cambodia's Huione Guarantee Collect $11 Billion: Report
The online platform is said to be linked to the nation's ruling family and allegedly hosts posts offering services including deepfake scams, money laundering and so-called pig butchering.
Most Influential 2021: Serey Chea
Project Bakong stands apart from other nation digital currency experiments. Chea brought Cambodia’s moonshot into being.
SBI Ripple Asia Launches Cambodia's First Cross-Border Remittance Service Using Blockchain
The service uses RippleNet to create a payments corridor between banks in Cambodia and Vietnam.
Cambodia Central Bank Launches Bakong Blockchain Payments System
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy.
Bitcoin News Roundup for June 22, 2020
With gold up and the price of bitcoin treading water, today we're talking academic piracy and Cambodia's blockchain plot to escape the dollar.
