Security agency: Only 990,000 USDT remains on Huiwang Pay's chain, and user withdrawals have been suspended.
Odaily Planet Daily News - According to Cambodian media, the Huiwang Group announced that due to recent changes in the external market environment, millions of users have rushed to withdraw funds in a short period of time. To ensure the safety of user funds and the smooth progress of subsequent payouts, the group has decided, after careful evaluation and internal research, to implement a phased delay in payment arrangements. Regarding this matter, security agency Bitrace stated that Huionepay mainly operates its stablecoin payment business on the Ethereum and TRON networks. All business addresses on the Ethereum network had almost completely depleted their USDT balances by October, with the last valid outgoing transaction occurring on November 3, and no further withdrawal activities since then. On the TRON network, business shutdowns were carried out gradually. On the 3rd, 7th, 17th, 19th, and 24th of that month, Huionepay transferred the balances from hot wallet addresses in batches to
