“I would like to inform the public that I have indeed owned 30 percent of shares in Huione Pay Plc,” Hun To said in a statement.
The US government last year accused Huione Group, which owned several companies offering e-commerce, payment and cryptocurrency exchange services, including Huione Pay, of laundering funds for transnational criminal groups perpetrating scams from Southeast Asia.
Huione’s former chairman, Li Xiong, was extradited to China on April 1.
Chinese authorities say he was central to a major transnational gambling and fraud syndicate and is suspected of multiple crimes.
Li owned 62 percent of Huione Pay’s shares, while Hun To owned 30 percent, according to a report by liquidator Reachs & Partners.
Huione Pay’s liquidation was completed in October 2025, it said.
Hun To said he did not manage the business operations of Huione Pay and “never received any profits, dividends or assets from that company”.
Since last month, protesters have demanded the unfreezing of their accounts with the Huione platform H-Pay, previously Huione Pay, which they said have been inaccessible since December.
The National Bank of Cambodia has said the Huione platforms’ business licences have been revoked. (AFP)
