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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
Digital technology
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.
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