Over $35 million in funds from a cryptocurrency exchange hack in May has reportedly been moved to the online marketplace “Huione Guarantee” this month.
The hackers behind the $305 million cryptocurrency exchange DMM Bitcoin hack in May have reportedly laundered more than $35 million at an online marketplace in Cambodia so far this month.
According to cryptocurrency sleuth ZachXBT, the funds have been laundered to Huione Guarantee, which operates in Cambodia and has been linked to the nation’s “ruling Hun family,” blockchain forensics firm Elliptic said in a July 10 post.
The marketplace has transacted $11 billion worth of crypto from hacks, pig butchering scams and other exploits, according to Elliptic.
