2025-12-09 20:20:09

News from Cambodia: Huione Bank’s business license has been revoked by the authorities. This whole Huione system is about to collapse, and for those running schemes, doing promotions, and operating parks in Southeast Asia, the payment channel has basically been crippled.

The immediate trouble is obvious: capital settlements are stuck, accounts can’t be reconciled, and a big chunk of profits are eaten up by various intermediaries. It’s a complete mess.

Looking ahead? There will definitely be a bunch of alternative solutions popping up, but there won’t be such a centralized channel anymore. Things will be more fragmented, go further underground, and transaction fees will definitely go up. TRON’s revenue will take a bit of a hit, but user habits have inertia, so it’ll hold up in the short term.

As for the overall crypto market price? Honestly, this kind of thing is more of a minor emotional ripple—it won’t make big waves.

TRX0.28%

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Whale_Whisperer

· 12-09 20:50

Oh no, Huione has crashed. Now the Southeast Asian payment system will have to be reshuffled. People have sensed this coming for a while—it was just a matter of time, and now it's confirmed. Once the capital chain is broken, there will be a lot of trouble ahead, and fees are definitely going to spike. But on the other hand, the market reaction isn’t as big as expected—it’s just a blip. Even if Huione is gone, there are still other options, just not as convenient. Retail users will have a harder time. The ones hit hardest in the short term are those intermediaries—their supply just got cut off. Some people must be having headaches over accounts not balancing, haha. Underground channels will pop up—someone will always find a way. TRON won’t recover from this quickly in the short term, but habits are strong. Fee hikes are inevitable this time—the cost always gets passed on. The market isn’t reacting much—everyone saw this coming.

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MetaMisfit

· 12-09 20:47

Once Huiwang collapses, the entire Southeast Asian payment system is truly done for. Now it's either going to turn into complete chaos, or a bunch of small platforms will pop up to fill the gap, and I feel like transaction fees are going to skyrocket. --- To put it bluntly, this kind of black swan event doesn't really do any fundamental damage to coin prices—it's just short-term emotional volatility. User stickiness is still there. --- Funds settlement is completely stuck, but the middlemen are still making money as usual—it's just ridiculous. --- Alternative solutions will definitely emerge, but once the landscape is fragmented, there will be even more problems. Just thinking about it is annoying. --- It's inevitable that TRON will be affected, but saying "it can hold up in the short term" is a bit too optimistic, isn't it? --- With a payment channel collapsing, the operators in Southeast Asia will now have to find new ways to survive, and the trend toward going underground will definitely accelerate.

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ponzi_poet

· 12-09 20:30

Heh, yet another payment channel has collapsed. I've been expecting this day. Now those people in Southeast Asia will have to find a new way out, and skyrocketing fees are inevitable. Once the capital chain gets stuck, the whole operation starts to wobble. What, are you still thinking about buying the dip? After Huione collapsed, there will be even more underground channels, but things will get messier. Just thinking about it gives me a headache. Honestly, compared to the news itself, I'm more interested in who the next alternative will be.

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