Revealing the Massive $11 Billion Darknet Trade in Cambodia Linked to USDT
Thursday, 11 July 2024, 10:33
Cambodian Darknet: Unveiling the $11 Billion USDT Trade Scheme
The post explores Elliptic's discovery of an $11 billion illicit trading scheme on the Cambodian darknet, primarily facilitated by USDT.
Key Points:
- Massive Scope: $11 billion worth of illegal trades exposed.
- USDT Link: USDT's crucial role in enabling illicit transactions.
- Money Laundering: Highlighting the prevalence of money laundering and fraud in Cambodia's marketplace.
The concerning revelations underscore the urgent need for enhanced regulations and enforcement mechanisms to combat such illicit financial activities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.