Renowned AI advertising giant AppLovin in the US stock market has been exposed as the Web3 money laundering hub for Southeast Asian scams A long seen big melon has emerged in the US stock market circle. The AI advertising giant AppLovin, which was originally highly praised by everyone, has been exposed as the money laundering hub of a Southeast Asian electronic fraud group. The shiny shell of Nasdaq star companies turns out to be a black industry profit chain. The hard-earned money squeezed from the fraud zones in northern Myanmar and Cambodia. Accurately injected AppLovin's financial report through cryptocurrency channels. It forcefully packaged it as an AI growth myth with performance doubling year after year. Let's take a look at how this money laundering law is played. The black industry tycoons in the electronic fraud park first exchange the stolen money for USDT or Bitcoin. Then through platforms like Byex Exchange. Using so-called powder spreading and funnel technology to break down large assets into thousands of anonymous wallets. Make the on chain tracking tools completely blind. Then the money went to the super app WOWNOW in Cambodia. This application plays a key payment gateway in the chain. It disguises cryptocurrency assets as legitimate advertising budgets. Make a big payment for advertising fees to the AppLovin platform. AppLovin also has a great understanding here. They don't even conduct strict customer background checks. Directly recognize these black gold as legitimate software revenue. In order to make the return of funds more concealed. What's even more frightening is that the shell companies associated with the Crown Prince Group are not just advertisers. At the same time, it also controls the applications that receive traffic. They used AppLovin's system to play left and right hand to hand. We pay high advertising fees here. Over there, the money is settled back into overseas accounts controlled by criminal groups in the name of developer sharing. The funds were whitewashed under the watchful eye of Nasdaq. The protagonist behind the disclosure here, Tang Hao, is also a tough character and one of the shareholders of AppLovin. He is accused of absconding overseas with billions of funds that were taken away before the collapse of TuanDai.com. He hit it off immediately with Chen Zhi, the chairman of the Cambodian Crown Prince Group. These two people are buying and selling shells in the Hong Kong capital market. Playing with great enthusiasm. Even involving the asset relocation of overseas gambling king Yang Zhihui. Every penny of growth in AppLovin's financial report actually carries the blood and tears of Southeast Asian fraud zones. The management of AppLovin also went to great lengths to cover up the truth. They openly lied while disclosing to the SEC that their business has nothing to do with China. Now the US Department of Justice and the Office of Foreign Assets Control have both set their sights on this lucrative area. The Crown Prince Group has been added to the sanctions list. This means that AppLovin is not just facing fines. It is more likely that the equity will be forcibly confiscated or even delisted directly. AppLovin may not be an isolated case. The Crown Prince Group of Cambodia's Chen Zhi may have a penetration rate far beyond our imagination, including various micro strategy companies. Do they have such hidden dangers. When illegal funds begin to infiltrate on a large scale through the compliance channels of top listed companies. The boundary between a decentralized world and traditional finance has become blurred. Regulatory scrutiny has evolved from on chain tracking to a penetrating audit of the entire traffic ecosystem. What if the black gold absorbed by Web3 twists and turns to the US stock market, and the chain of interests is broken? What impact will it have on the future cryptocurrency market?