Google has delisted the Huione mobile app from its Play Store after alarming reports of illegal activities tied to the platform.

A marketplace under scrutiny

Elliptic identifies Huione Guarantee as a hub for cybercrime.
The app, described as the largest illicit marketplace ever by crypto research firm Elliptic, has been accused of enabling money laundering and the sale of stolen personal data. Despite its removal from Google Play, the app remains available on the Apple iOS App Store.

Illegal activities exposed

Thousands of ads for scams and tools revealed.
Elliptic's research uncovered Huione hosting ads promoting fraudulent schemes, laundering, and even offering physical tools and training to commit cybercrimes. The platform allegedly supported nearly 900,000 users as of January 14, 2025, and recently introduced its own stablecoin, USDH.

Tether's involvement and Huione's response

Tether freezes accounts linked to Huione.
Elliptic’s report followed Tether freezing Huione-linked accounts associated with the notorious Lazarus Group. Huione then attempted to rebrand as Haowang Guarantee, likely to evade scrutiny and maintain its operations.

Blockchain operations persist

Huione's stablecoin spreads across multiple networks.
The USDH stablecoin operates on Ethereum, BNB Chain, and Tron networks under Huione’s proprietary Huione Chain. However, its operations have sparked comparisons with other stablecoins and heightened concerns among regulators.

Stay updated for more insights into this unfolding story.