The groups of crimes organized across Southeast Asia have set their operations on the scale by exploiting the cryptocurrency-launching their own pieces, exchanges and blockchain networks to whiten billions of dollars, according to a new report from the United Nations on drugs and crime (UNODC).
The report indicates that criminal unions no longer only use existing cryptographic infrastructure. Instead, they actively build tailor -made financial ecosystems to escape detection.
An example cited in the report is the Chinese ecosystem and market known as the Huione guarantee, now renamed Haowang, which has treated more than $ 24 billion in crypto linked to fraud in the past four years.
Based in Phnom Penh, Cambodia, the platform increased to more than 970,000 users and thousands of interconnected suppliers.
“Concerning, Huione recently launched a range of its own products related to cryptocurrency, including an cryptocurrency exchange and trading application, an online game platform, a blockchain network and a stablecoin supported by an American dollar designed to bypass government controls,” said the report.
In relation: CFTC combines to warn Crypto-Cochon butcher’s scams
Southeast Asia appears as a criminal center in Crypto
The UNODC warned that the myanmar, Cambodia and Laos scam centers have industrialized cybercrime, combining blockchain, artificial intelligence and stables to supply operations.
These centers manage complex fraud patterns, including phishing, investment scams and “pork mouth”, generating tens of billions per year, according to the report.
According to the Cointelegraph Magazine Cambodia, Myanmar and the Philippines, some of the largest butcher unions in the pigs are gathered around Cambodia, Myanmar and the Philippines.
In the past year, several raids have led to the arrest of hundreds of people, including Chinese, Philippins, Indonesian, Malaysian, Thai and Vietnamese nationals found in alleged cyber-compatible fraud operations.
In October 2024, Hong Kong police broke out an alleged scam center and arrested 27 people whom they accused of using AI Deepfakes to carry out an investment scam in the cryptographic romance which defrauded the victims of more than $ 46 million.
Similarly, in December 2024, the Nigeria Anti-Corruption Agency arrested 792 people in a raid in a building in the largest city in the country which, according to her, was a center for a huge scam operation at cryptography.
In relation: Coinbase users struck by $ 46 million in presumed phishing scams
Stablescoins and personalized exchanges escape surveillance
The United Nations report highlights that the unions emit their own stablescoins and create private exchanges to circumvent global financial regulations, which allows criminals to move funds transparent through borders without relying on traditional platforms subject to anti-flange controls.
The Huione guarantee, for example, launched a series of products related to the crypto, which also includes an exchange of cryptocurrency, a blockchain network (Xone chain) and an online game platform. The group also announced its launch of the Visa Huione card in February 2025.
While Southeast Asia remains the epicenter, the UNODC noted that these operations fed by Crypto are developing in Africa, South America and the Pacific.
“The growing global impact of the expansion of Asian silver enemas and underground banking networks cannot be underestimated,” said the report, urging governments to fill the gaps.
Review: The U-turn of the dry on the crypto leaves key questions unanswered
The groups of crimes organized across Southeast Asia have set their operations on the scale by exploiting the cryptocurrency-launching their own pieces, exchanges and blockchain networks to whiten billions of dollars, according to a new report from the United Nations on drugs and crime (UNODC).
The report indicates that criminal unions no longer only use existing cryptographic infrastructure. Instead, they actively build tailor -made financial ecosystems to escape detection.
An example cited in the report is the Chinese ecosystem and market known as the Huione guarantee, now renamed Haowang, which has treated more than $ 24 billion in crypto linked to fraud in the past four years.
Based in Phnom Penh, Cambodia, the platform increased to more than 970,000 users and thousands of interconnected suppliers.
“Concerning, Huione recently launched a range of its own products related to cryptocurrency, including an cryptocurrency exchange and trading application, an online game platform, a blockchain network and a stablecoin supported by an American dollar designed to bypass government controls,” said the report.
In relation: CFTC combines to warn Crypto-Cochon butcher’s scams
Southeast Asia appears as a criminal center in Crypto
The UNODC warned that the myanmar, Cambodia and Laos scam centers have industrialized cybercrime, combining blockchain, artificial intelligence and stables to supply operations.
These centers manage complex fraud patterns, including phishing, investment scams and “pork mouth”, generating tens of billions per year, according to the report.
According to the Cointelegraph Magazine Cambodia, Myanmar and the Philippines, some of the largest butcher unions in the pigs are gathered around Cambodia, Myanmar and the Philippines.
In the past year, several raids have led to the arrest of hundreds of people, including Chinese, Philippins, Indonesian, Malaysian, Thai and Vietnamese nationals found in alleged cyber-compatible fraud operations.
In October 2024, Hong Kong police broke out an alleged scam center and arrested 27 people whom they accused of using AI Deepfakes to carry out an investment scam in the cryptographic romance which defrauded the victims of more than $ 46 million.
Similarly, in December 2024, the Nigeria Anti-Corruption Agency arrested 792 people in a raid in a building in the largest city in the country which, according to her, was a center for a huge scam operation at cryptography.
In relation: Coinbase users struck by $ 46 million in presumed phishing scams
Stablescoins and personalized exchanges escape surveillance
The United Nations report highlights that the unions emit their own stablescoins and create private exchanges to circumvent global financial regulations, which allows criminals to move funds transparent through borders without relying on traditional platforms subject to anti-flange controls.
The Huione guarantee, for example, launched a series of products related to the crypto, which also includes an exchange of cryptocurrency, a blockchain network (Xone chain) and an online game platform. The group also announced its launch of the Visa Huione card in February 2025.
While Southeast Asia remains the epicenter, the UNODC noted that these operations fed by Crypto are developing in Africa, South America and the Pacific.
“The growing global impact of the expansion of Asian silver enemas and underground banking networks cannot be underestimated,” said the report, urging governments to fill the gaps.
Review: The U-turn of the dry on the crypto leaves key questions unanswered
