Overview
HuiOne Guarantee has emerged as the largest illicit marketplace with $24 billion in cryptocurrency transactions, surpassing the previous record holder Hydra. The platform shows sophisticated operational security through rapid adaptation and rebranding, while enabling significant money laundering operations through cryptocurrency mixing services and gambling operations.## Whom it may concern* Cryptocurrency exchanges and compliance teams* Law enforcement and financial intelligence units* Digital forensics investigators* Anti-money laundering (AML) specialists## Key Findings1. Monthly crypto inflows increased 51% since July 20242. Q4 2024 alone saw $4 billion in transactions3. Platform implemented some commerce restrictions but continues illegal operations4. $6 billion processed through gambling-based money laundering## Risk Analysis* Probability: High (continuous operation despite exposure)* Impact: Severe (multi-billion dollar scale)* Links to state actors (North Korean Lazarus Group)* Technical sophistication demonstrated through USDH stablecoin implementation## Action Items* Implement enhanced crypto transaction monitoring* Deploy blockchain analytics tools for fund tracing* Establish cross-border enforcement coordination* Monitor new HuiOne technical developments
