Last night, Phnom Penh was brightly lit, but suddenly half of it went dark.

Hui Wang—the underground empire hailed by scammers as the 'Cambodian Alipay'—posted a notice on the night of December 1, 2025: temporarily ceasing operations and delaying payments. The investment pool that once promised an 18% high interest rate instantly turned into the biggest pig slaughter scheme.

The world's most cunning pig slaughter bosses finally realized that they were the pigs in the scheme. In just 24 hours, USDT plummeted from 1.000 to 0.997, with a market value evaporating by nearly 2 billion. The reason was simple: 90% of the stolen funds they had scammed were in USDT, all eager for that 18% interest, willingly deposited into Hui Wang.

With the United Nations, the US and UK sanctions, and Cambodia's decisive action, 5-10 billion USDT of illicit funds were frozen, causing holders to frantically sell off, crashing the off-market premiums to zero, and Binance's depth was instantly penetrated. This wave of decline was not market volatility; it was the collective explosion of the dark industry’s capital chain.

The scammers painstakingly harvested the leeks, along with both the principal and interest, only to be harvested in reverse by the international anti-fraud alliance. USDT deviating by 0.3%-0.5% is just the beginning. The bigger pigs are still queuing up in Phnom Penh, crying: Where is my 18%? @加密黄哥