Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic
The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.
Huione Guarantee, which has been labeled as “the largest online illicit marketplace to have ever operated” by crypto compliance firm Elliptic, has grown its monthly inflows by 51% in just half a year — boosted by its own USD stablecoin launch in September.
“Our analysis shows that Huione Guarantee’s growth is accelerating, with over $24 billion in transactions to date,” reported Elliptic on Jan. 14.
In July, Elliptic alleged that Huione Guarantee operated an online marketplace with a substantial portion linked to money laundering and cyber scams.
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Author: Martin Young
