A chaotic scene unfolded outside Huione Pay's headquarters in Phnom Penh this week, as thousands of users discovered their funds had been frozen without warning. The Cambodian financial platform, linked by US authorities to laundering at least £3.02 billion ($4 billion) in illicit cryptocurrency proceeds, suspended all operations on 1 December. It has announced it will remain closed until 5 January 2026.
The sudden shutdown has left customers facing an uncertain future, with the company offering a controversial repayment scheme that could delay access to their money until mid-2027.
