Cambodian company, Huione Group, which operates the largest illicit marketplace, is accused of deceiving blockchain security firm Certik into conducting a favorable audit for its stablecoin, USDH. Certik claims it was contacted by a third-party agency that obscured the connection between the project and the illicit marketplace. Huione Group is behind the Huione Guarantee Telegram marketplace, which has processed over $24 billion in transactions related to cybercrime. The company launched the USDH stablecoin in 2024, which is marketed as censorship-resistant but raises concerns about money laundering. The audit conducted by Certik identified 12 security issues, with major issues related to centralization. Despite receiving a Certik Security Score of less than 30%, Huione Group proceeded with the stablecoin launch. There are allegations that Huione Group misrepresented or concealed information during the audit to obtain a favorable assessment. The case underscores the challenges in auditing blockchain projects, as technical vulnerabilities are assessed but not the entities' business operations or regulatory compliance. The incident could damage Certik's reputation, as critics accuse the firm of knowingly endorsing criminals.



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