🇬🇧 The UK government has today sanctioned the operator of #8 Park, Cambodia's largest known scam compound, and Xinbi, one of the largest illicit crypto marketplaces in Southeast Asia.
Elliptic published research into both ahead of today's action, providing the first public evidence of #8 Park's links to the Prince Group. Xinbi has processed $19.7 billion in cryptoasset inflows, exposing its important role in serving fraudsters and a destination for North Korean hackers.
Read our analysis of today's designation and what it means for the cryptoasset ecosystem. Link in the first reply👇

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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