| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107272.0100000000 |
| ETH | $2434.7570000000 |
| BNB | $648.0996000000 |
| XRP | $2.1854300000 |
| ADA | $0.5650913000 |
| SOL | $150.8002000000 |
| DOGE | $N/A |
| DOT | $3.4052800000 |
| LTC | $86.2375000000 |
| LINK | $13.3665400000 |
Category: CRYPTO NEWS
The post Illegal Crypto Mining ‘Powerful Tool’ for Cybercrime Syndicates: UN Report appeared on BitcoinEthereumNews.com. The United Nations has sounded the alarm on a new phase of global organized crime, where crypto mines hum in militia-run factories, stablecoins help wash billions, and Telegram hosts black markets. A new report from the United Nations Office on Drugs and Crime (UNODC) reveals that transnational criminal groups from East and Southeast Asia are rapidly expanding their operations worldwide, using illegal crypto mining as a “powerful tool” to launder billions in illicit proceeds. The report titled “Inflection Point: Global Implications of Scam Centres, Underground Banking and Illicit Online Marketplaces in Southeast Asia,” documents how these syndicates are embedding themselves in regions with weak oversight, from Zambia and Nigeria to Tonga and the Middle East. The groups are diversifying beyond scams and trafficking, building full-fledged online ecosystems that incorporate unlicensed crypto exchanges, encrypted messaging tools, and stablecoins, to power an industrial-scale fraud economy, the report’s authors said. “We are seeing a global expansion of East and Southeast Asian organized crime groups,” Benedikt Hofmann, UNODC Acting Regional Representative, said in an accompanying statement. “It spreads like a cancer,” Hoffman added. “Authorities treat it in one area, but the roots never disappear—they simply migrate.” The report pointed to Huione Guarantee, recently rebranded Haowang, as one of the central hubs in this underground economy. With over 970,000 users and $24 billion in crypto flows since 2021, the Cambodia-based platform has reportedly become a one-stop shop for laundering tools, fake identities, and scam services, many now offered on Telegram as enforcement pressure grows. The platform has also launched its own stablecoin, blockchain, crypto exchange, and online gambling products, designed to “circumvent government controls,” the report’s authors said. “The convergence between the acceleration and professionalization of these operations on the one hand and their geographical expansion into new parts of the region and beyond on…
2025-04-22T13:44:07+00:00
https://bitcoinethereumnews.com/crypto/illegal-crypto-mining-powerful-tool-for-cybercrime-syndicates-un-report/?utm_source=rss&utm_medium=rss&utm_campaign=illegal-crypto-mining-powerful-tool-for-cybercrime-syndicates-un-report