Huione Pay, the world’s largest money laundering network in Cambodia, has stunned the users after pausing operations and delaying repayments until January 5, 2026, after a sudden bank run.
The surprise announcement triggered panic, long queues, and growing fears among thousands of users who rushed to withdraw their money before the shutdown.
Huione Pay posted a notice on 1 Dec announcing that all services would be suspended until January 5, 2026, explaining that the platform was hit by a massive wave of withdrawals in a very short period.
The company admitted it could not handle the pressure and introduced a delayed repayment plan instead of immediate cash withdrawals.
Later, the crowds gathered outside the company’s headquarters on Norodom Boulevard in Phnom Penh. Many users said they had money inside their Huione Pay accounts but had no way to withdraw it after the sudden closure.
Several expressed fear of losing their savings entirely.
Following the shutdown, Huione Pay offered two repayment proposals, which have raised fears of losing their money.
For many users, both choices feel risky, especially after the company’s past troubles.
Huione Pay’s problems did not start today. The company has long been accused of helping large criminal networks with money laundering activities.
With the shutdown confirmed and repayments pushed back, worry is growing among users. Many people simply want their money returned quickly, while regulators are now focused on checking the company’s records and identifying any wrongdoing.
Across Asia, financial authorities are watching closely, as this situation could turn into one of the biggest payment-platform failures the region has seen in years.
Huione Pay says withdrawals may restart on January 5, 2026, but users must follow the platform’s new repayment options until then.
Both repayment plans carry risk, offering long waiting periods and limited access to funds, which has raised major concerns among users.
Users should review the repayment options, keep records of balances, and monitor official updates from regulators for any changes.
Huione Pay has faced sanctions and license issues due to alleged money-laundering links, prompting tighter oversight and user worry.
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