星球日报|Dec 01, 2025 15:07
[Huione Pay in Cambodia Suspends Operations Until January 5 Next Year Due to Short-Term Bank Run and Initiates Deferred Payment Plan]
Odaily Planet Daily News – Huione Pay in Cambodia announced on December 1 that it would suspend operations until January 5 next year due to a large-scale short-term bank run and has initiated a deferred payment plan. Large queues of users have already formed outside its Phnom Penh headquarters, and stores have posted a Chinese-language 'Deferred Payment Statement.' Notably, the U.S. FinCEN had already listed the Huione Group as a significant money laundering risk institution in May this year, accusing it of providing money laundering channels for North Korea and Southeast Asian transnational fraud organizations, involving crypto scams such as 'pig-butchering' schemes. (Cambodia-China Times)
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