Market
How USDT Fueled $11 Billion Cyber Scams

Elliptic researchers highlighted the involvement of Tether’s USDT stablecoin in billions’ worth of illicit trades on the Huione Guarantee marketplace.
Different merchants manage a widespread Chinese-language network with numerous fraudulent app channels.
Huione Guarantee Exposed for Over $11 Billion in Cyber Scam
Huione Guarantee, affiliated with Cambodia’s Huione Group, emerged as a promising marketplace for real estate and cars in 2021. However, beneath a façade of legitimacy, Elliptic researchers discovered fraudulent activity. The platform provided “deposit and escrow services” to ensure transaction security.
“A new investigation from the Elliptic research team sheds light on online marketplace Huione Guarantee. The platform is widely used by scam operators in South East Asia, including those involved in pig butchering scams,” part of the report read.
With payments primarily made in USDT stablecoin, Elliptic researchers discovered over $11 billion in transactions processed since the platform’s debut. Out of these, $3.4 billion accounts for 2024.
Elliptic researchers analyzed listings on the platform, engaged with sellers, and tracked funds across Tether’s blockchain sent to those sellers’ addresses. This enabled them to identify and label hundreds of cryptocurrency addresses linked to the Huione Guarantee.
Read more: Crypto Scam Projects: How To Spot Fake Tokens
Notably, not all transactions conclusively point to illegal activities. However, overwhelming evidence suggests the platform’s cognizance of illicit businesses on its marketplace, as third-party merchants openly advertise money laundering services.
The services include cross-border transfers and currency conversions to cash, stablecoins, and Chinese payment app transfers. The merchants also specify different fraud and proceeds handling forms, suggesting their awareness of the risks involved.
“I’m not sure whether Huione Guarantee was originally established with this in mind. However, it has certainly become primarily a marketplace for online scammers,” Elliptic’s cofounder and chief scientist Tom Robinson said in the report.
While Huione is not the only marketplace propagating online crypto scams, according to Elliptic, none are this big. The Huione Group is a Cambodian conglomerate business associated with Cambodia’s ruling Hun family,” including Prime Minister Hun Manet. The firm did not immediately respond to BeInCrypto’s request for comment.
Huione and USDT Stablecoin Involvement in Underground Economy
In December 2023, the South China Morning Post (SCMP) reported the USDT stablecoin’s enabling role in the underground Chinese-linked economy of Cambodia. Among the cited activities was evading capital controls for Chinese nationals by using it as an exchange device to acquire tools to facilitate online scams.
The SCMP cited Huione Pay, a Cambodia-approved financial platform, revealing that it hosted multiple Telegram groups offering exchange services for cryptocurrency assets, including USDT. According to the investigation, the groups provide tools that enable scam operations involving international SIM cards and data on Chinese expat citizens.
Telegram group operators also marketed bank cards to receive money from scam victims. They also advertised services like criminal background checks, company records, and bank statements, accepting USDT for their services.
This is not the first time USDT stablecoin has been used to facilitate money laundering. In January, the United Nations Office on Drugs and Crime (UNODC) highlighted its use as a medium for illicit activities.
Read more: Crypto Social Media Scams: How to Stay Safe
Cambodia has banned cryptocurrency since 2017. In 2022, Binance committed to aiding Cambodia, located in Mainland Southeast Asia, in developing digital asset regulations. Under the terms, Binance rendered its technical expertise and experience in the field to help Cambodia’s Securities and Exchange Regulator (SERC) develop its legal framework for the digital asset market.
These discoveries highlight the need for increased scrutiny and regulation of online marketplaces and social media platforms to prevent the propagation of illicit activities. Tether continues to improve its compliance push, recently freezing funds in addresses featured on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons list.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
WEEX Lists AB (AB) under the RWA and Blockchain Infrastructure Category

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.
WEEX , a global digital asset trading platform, officially listed the AB/USDT trading pair on April 2, 2025.
AB is a public blockchain infrastructure project committed to building a decentralized future. It provides efficient and secure foundational support for DApps and a wide range of digital assets. Its high-performance mainnet and cross-chain capabilities are key to enabling the tokenization of real-world assets (RWAs). The project currently focuses on practical scenarios including DeFi, IoT, and enterprise services. Originally launched as Newton, AB completed its rebranding in February 2025, marking a strategic shift from early community economy exploration toward a new phase of blockchain infrastructure evolution.
Real-world assets are rapidly becoming a key narrative within the global on-chain ecosystem. In late 2024, BlackRock launched BUIDL, a tokenized U.S. Treasury product, which has since become the largest of its kind by market capitalization. In early 2025, Circle announced the acquisition of RWA platform Hashnote and integrated it with its USDC-linked fund products, further advancing the convergence between stablecoins and real-world financial instruments. These developments reflect the accelerating global interest in on-chain RWAs. According to data from RWA.xyz, as of March 2025, the total value of RWAs locked on-chain has surpassed $18.6 billion, up nearly 20% since the beginning of the year.
The listing of AB represents another strategic step in WEEX’s commitment to blockchain infrastructure development. The platform continues to focus on supporting high-quality projects that facilitate the tokenization of real-world assets and enable cross-chain interoperability. AB’s long-term dedication to RWA use cases and its adoption of heterogeneous blockchain architecture align closely with WEEX’s mission to bridge real-world value and on-chain participation, offering users broader access to diversified digital assets.
To mark the listing, WEEX has launched a limited-time deposit and spot trading promotion. Users who complete the designated tasks will be eligible to share in a total prize pool of 10,000 USDT. Event link.
To learn more about AB and its listing details, please visit WEEX’s official announcement channels
About WEEX
Founded in 2018, WEEX Exchange has rapidly grown into a leading global cryptocurrency trading platform. With over 1,700 trading pairs covering major and emerging tokens, the platform also launched WE-Launch to help users access quality projects early. WEEX has partnered with international figures like football star Michael Owen to boost brand visibility, and recently established a new global headquarters in Dubai to accelerate international expansion. Today, WEEX serves over 6 million users worldwide and is widely recognized for its intuitive interface, smooth trading experience, and reliable performance.
For more information, visit: X | YouTube | Telegram | Medium | Facebook|LinkedIn|Blog
Disclaimer
This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
3 Altcoins to Watch in the Second Week of April 2025

While the crypto market started the week on a bearish note, upcoming developments may signal a potential turnaround. Several altcoins have key external factors supporting their price movement, offering investors opportunities for growth.
BeInCrypto has analyzed three altcoins to watch this week, exploring their potential price direction.
Movement (MOVE)
MOVE price experienced a significant 44% correction over the past two weeks, currently trading at $0.305. This decline was notably steep in the last 24 hours, as MOVE formed a new all-time low (ATL) at $0.286, losing 23%. This downturn has left investors concerned about further price drops.
Movement is facing a token unlock on April 9, with 50 million MOVE worth over $15 million entering circulation. The influx of new tokens could increase supply, reducing demand, which may exacerbate the ongoing bearish trend. This could potentially drive the price even lower, continuing the downtrend.

Given these conditions, MOVE price may test the $0.286 level again, with the possibility of either holding as support or falling through, forming a new ATL. If the market reaction is positive, however, MOVE could reclaim $0.374 and invalidate the bearish outlook, triggering a recovery.
EOS (EOS)
EOS has emerged as one of the best-performing tokens this week, recovering 57% towards the end of March. This positive momentum is a sign that the altcoin is nearing the end of its bearish streak.
Despite the recent gains, EOS faced a 15% pullback last week, currently trading at $0.72. It is holding steady above the $0.68 support, aiming to breach $0.76. This movement aligns with the potential formation of a Golden Cross, with the 50-day EMA nearing a crossover with the 200-day EMA.

If EOS fails to maintain the support at $0.68, it may drop to the next support level at $0.61. Losing this level would invalidate the bullish outlook and erase recent gains, signaling further challenges ahead for the altcoin.
Helium (HNT)
Helium’s price fell through the $2.30 support earlier in the day, dropping nearly 20% before recovering slightly. Currently trading at $2.39, the altcoin is showing some resilience. However, the broader bearish cues still pose a threat to HNT’s price, leaving traders uncertain of its immediate direction.
Helium is expected to roll out significant updates this week, including HIP-103. These updates are likely to boost investor confidence, potentially driving HNT prices higher. If the market reacts positively to these developments, HNT could see renewed momentum, with the potential for a price increase in the coming days.

If the market response is favorable, HNT price may rise toward $2.75, recovering most of the 20% loss from the past 24 hours. However, if Helium fails to hold $2.30, the altcoin risks further decline, possibly falling to $2.00, which would invalidate the bullish outlook.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Targets Rebound After Hitting Oversold Territory

XRP is down over 5% in the past 24 hours but is currently attempting a rebound, trying to push above the $2 level. After touching deeply oversold RSI levels earlier today, the token is showing early signs of recovery amid shifting macro headlines.
Despite a bearish setup on the Ichimoku Cloud, a short-term bounce is not off the table if momentum builds. However, strong resistance zones remain overhead, and whether XRP can sustain this rebound will depend on both technical breakouts and broader market sentiment.
XRP RSI Is Going Up After Touching Oversold Levels
XRP’s Relative Strength Index (RSI) is currently sitting at 44.24, bouncing back after briefly plunging to 17.80 earlier today—its lowest level in weeks, with its price rebounding after news about Trump considering a 90-day pause in tariffs for all countries except China.
Just a day ago, the RSI was at 46.97, reflecting the sharp volatility XRP has experienced during the recent market sell-off. The RSI is a momentum indicator that ranges from 0 to 100, typically used to identify whether an asset is overbought (above 70) or oversold (below 30).

An RSI reading of 44.24 places XRP in neutral territory, suggesting that the selling pressure may be easing, but momentum remains weak. Importantly, XRP hasn’t crossed into overbought territory for nearly three weeks, signaling a lack of sustained bullish momentum.
If the RSI continues to climb and breaks above 50, it could indicate growing strength and potential price recovery. However, if it stalls or turns lower, XRP may continue to struggle for direction in the short term.
XRP Ichimoku Cloud Shows a Bearish Setup, But A Recovery Could Be On The Horizon
The Ichimoku Cloud chart for XRP shows a bearish structure. The price is trading well below the Kumo (cloud), indicating strong downward momentum.
Both the Tenkan-sen (blue line) and Kijun-sen (red line) are sloping down and currently positioned above the price, acting as dynamic resistance levels.
The cloud ahead is red and wide, suggesting continued bearish pressure and little immediate sign of a trend reversal.

However, the recent bullish candle pushing toward the Tenkan-sen hints at a possible short-term bounce or relief rally.
For a true trend shift, XRP would need to break above both the Tenkan-sen and Kijun-sen and eventually enter or surpass the cloud—a scenario that remains distant given the current formation.
Overall, the Ichimoku setup reinforces the broader weakness, with any upside likely facing strong resistance from the cloud and key lines.
Could XRP Break Above $2.20 Soon?
XRP price recently broke below the $1.80 mark for the first time since November 2024, reflecting heavy market pressure and a sharp sell-off. However, the asset has shown signs of recovery in the past few hours, attempting to regain momentum.
If this rebound gains strength, XRP could push toward resistance at $2.02, and a successful breakout may open the path to higher levels around $2.23.

On the flip side, if XRP fails to sustain its current recovery, the price could drop back below $1.80 and revisit support near $1.61.
A breakdown from that level would increase bearish pressure, potentially dragging the price down toward the $1.50 zone.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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