On July 10th, blockchain analysis firm Elliptic released a report on Wednesday saying that Cambodian market Huione Guarantee is suspected of money laundering and other criminal activities. Since its establishment in 2021, Huione and its merchants' crypto wallets have received at least 11 billion US dollars, mainly using Tether (USDT) for transactions. Elliptic pointed out that Huione executives have ties to Cambodian Prime Minister Hong Manai, and said the platform turned a blind eye to money laundering, "sexual exploitation" and other criminal activities. Elliptic has identified and flagged hundreds of cryptocurrency addresses controlled by Huione, helping to prevent further money laundering.