Elliptic describes Huione Guarantee as a Chinese-language online marketplace widely used by Southeast Asia scam operators, including pig-butchering groups. Merchants on the platform sell money laundering services, scam investment-site development, victim data, telecoms equipment, and AI face-changing software, with transactions totaling at least $11 billion. The source does not tie the activity to DPRK actors; its CTI value is the mapping of a large scam-enabling ecosystem, stablecoin payment flows, and Huione-linked laundering infrastructure.