Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103596
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.68%
Bitcoin Share
The Coin Rise 2025-04-26 19:36:37

Asian Cybercrime Network Floats New Crypto Infrastructure: UN

Asian Cybercrime Network Floats New Crypto Infrastructure: UN

A new United Nations report reveals that cybercrime syndicates across Southeast Asia are expanding rapidly. Reports indicate they use digital assets and custom blockchain tools for large-scale fraud operations. Criminal Networks Shift to Stablecoins and Blockchain According to the UN report , Southeast Asia has become a major centre for global cyber fraud, with Stablecoins playing a leading role. The report revealed that the cyber fraud industry is growing faster than other types of transnational crime because it can be easily scaled and reach millions of victims online. It is worth noting that despite authorities’ crackdowns, syndicates are finding new ways to operate. According to the update, many criminals have moved from physical scam centres to online platforms. They use satellite internet services like Starlink to avoid local restrictions. The report notes that criminal groups now run online gambling sites, unlicensed payment processors, encrypted messaging platforms, and even create their blockchain networks and stablecoins to move money out of reach of government controls. Huione Guarantee at the Centre of Growing Scams A significant focus of the report is Huione Guarantee, a platform tied to Cambodia and other countries. As reported, the rogue entity is now under the new name Haowang. It has become a central hub for illegal online activities. According to the update, since 2021, Huione has processed tens of billions of dollars in cryptocurrency transactions. The platform offers services such as a trading app, a gambling site, a blockchain network, and even a stablecoin backed by the U.S. dollar. The UN states that Huione vendors have received at least $24 billion in crypto inflows over four years. In related news, the North Korean hacking group Lazarus uses new tactics to scam people. A report from Silent Push shows that its subgroup, Contagious Interview, has created fake crypto consulting firms in the U.S. to spread malware by posing as recruiters. Cybercrime Gangs Expand Operations Globally It is essential to add that the United Nations report shows that the problem has moved beyond Southeast Asia. Cybercrime gangs now work with networks in South America, Eastern Europe, and Africa. In the United States alone, crypto scams led to over $5.6 billion in losses in 2023, raising new concerns about the growing reach of these organised fraud operations. Bybit Exchange was the latest target of a significant scam group. February 2025 turned chaotic for the company, which suffered losses of $1.53 billion due to hacks . Investigations by the FBI and blockchain analysts have linked the attack to North Korea’s Lazarus Group. The post Asian Cybercrime Network Floats New Crypto Infrastructure: UN appeared first on TheCoinrise.com .

Most Read News

Moralis Money
Market Cap
24h Vol
63.68%
Bitcoin Share
82
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.