Cambodia2026.05.06TokenPost

Cousin of Cambodia’s Prime Minister Admits He Once Held a Stake in a Firm Tied to the KRW 4 Trillion Crypto Money Laundering Case

• Hun To, a cousin of Cambodian Prime Minister Hun Manet, admitted through his lawyer that he previously held a 30% stake in Huione Pay, a Huione Group affiliate tied to allegations of KRW 4 trillion in crypto money laundering.
• Huione Pay served as Huione Group’s banking arm, was sanctioned by the United States and the United Kingdom last year, and had its banking license revoked for regulatory noncompliance.
• Hun To denied involvement, saying he never exercised management authority at Huione Pay and never made a cash contribution matching the stake.