Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth (Kai Schultz/Bloomberg)
130d ago
Technology
Techmeme

A Bloomberg report by Kai Schultz reveals how Cambodia's Huione Group fueled the explosive growth of Asia's cyberscam industry, transforming it into a multi-billion dollar operation. Internal documents and sources highlight the conglomerate's central role in this illicit activity. The US Treasury has accused Huione Group of laundering at least $4 billion for various clients, including North Korean hackers and international criminal organizations. This revelation underscores the significant financial scale and global reach of the cybercrime ecosystem operating within Southeast Asia.