Cambodian platform Huione Pay suspected of links to North Korean Lazarus hackers

According to sources, this cryptocurrency wallet was used by hackers to deposit funds stolen from three cryptocurrency companies in June and July last year. Presumably, it is about the theft of funds from Estonian cryptocurrency companies Atomic Wallet and CoinsPaid, as well as Alphapo, registered in the offshore zone of St. Vincent and the Grenadines.

In response to reporters' requests, Huione Pay's administration declined to provide details about its anti-money laundering compliance policy. The company said it was unaware that it had "indirectly received funds from hackers," and cited its inability to quickly trace troubling transactions in the overall transaction flow of Huione Pay's cryptocurrency wallet and its third-party counterparties. Huione Pay noted that the cryptocurrency wallet attributed to North Korean hackers was not administered by the platform's managers, which does not technically make it impossible to track its transactions.

Earlier, analytics company Elliptic published a report in which it said that cryptocurrency fraud in Southeast Asia has reached industrial scale. In this case, many frauds with digital assets are committed by members of transnational organized crime groups that operate from specially created "fraud complexes" located throughout Southeast Asia, especially in Myanmar, Laos and Cambodia.