10
Money-laundering 'merchants'

Money-laundering 'merchants'

5 months ago
Anonymous $genLyrxdTY

https://www.bleepingcomputer.com/news/security/huione-guarantee-exposed-as-a-11-billion-marketplace-for-cybercrime/

The seemingly legitimate online marketplace Huione Guarantee is being used as a platform for laundering money from online scams, especially "pig butchering" investment fraud, researchers say.

In a pig butchering scam, the victim is tricked into gradually investing money on bogus websites that display high investment returns. The fraud becomes apparent when victims try to withdraw funds, by which time they have usually lost a large amount of money.

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