#Huione is suspected of operating a black market.#
Hot Topic Overview
Overview
Huione Group has been accused of operating the “largest illegal online marketplace” and has been alleged to have launched a suite of crypto tools, including a wallet, native blockchain, and stablecoin, as well as a Telegram-like messaging app. Elliptic said Huione’s launch of the censorship-resistant stablecoin USDH is part of its strategy to avoid asset seizures. Huione is suspected of operating a black market and using these tools to evade scrutiny.
Ace Hot Topic Analysis
Analysis
Huione Group has been accused of running the “largest illegal online marketplace” and has launched a censorship-resistant stablecoin, USDH. According to an investigation by Elliptic, Huione Group has launched crypto tools, including wallets, a native blockchain, and a stablecoin, as well as a Telegram-like messaging app, to evade censorship and asset seizure. These tools are intended to help users trade on the Huione marketplace and evade law enforcement scrutiny. Elliptic states that Huione Group's actions indicate it is actively seeking to evade censorship and asset seizure, further fueling concerns about the group's alleged operation of an illegal marketplace.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Huione Group is suspected of operating the 'largest illegal online market',
Huione launched the censorship-resistant stablecoin USDH to try to evade censorship and asset seizure
Huione has provided a range of crypto tools, including wallets, a native blockchain, a stablecoin, and a Telegram-like messaging app
Huione's actions may be an attempt to evade asset seizure