The well-known AI advertising giant AppLovin in the U.S. stock market has been exposed as a money laundering hub for Southeast Asian telecom fraud.

A sensational news has emerged in the U.S. stock circle. The AI advertising giant AppLovin, which was originally praised by everyone, has been revealed to be the money laundering hub for a Southeast Asian telecom fraud group. The glamorous facade of this Nasdaq star company is actually a chain of black market profit.

The blood and sweat money extracted from the telecom fraud parks in northern Myanmar and Cambodia has been accurately injected into AppLovin's financial reports through cryptocurrency channels. It has been packaged into a myth of AI growth with annual performance doubling.

Let's take a look at how this money laundering scheme operates. The black market bosses in the telecom fraud parks first exchange the illicit funds for USDT or Bitcoin. Then, through platforms like Byex Exchange, they use the so-called powdering and funneling techniques to scatter large assets into thousands of anonymous wallets, making on-chain tracking tools completely clueless. Next, this money flows to WOWNOW, a super app in Cambodia. This app plays a key role as the payment gateway in the chain. It disguises cryptocurrency assets as legitimate advertising budgets and generously pays advertising fees to the AppLovin platform.

On AppLovin's side, they are also very cooperative. They do not conduct any strict customer background checks. They directly recognize this black money as legitimate software revenue. To make the fund flow back more concealed, what’s even scarier is that the shell companies associated with the Prince Group are not only advertisers but also control applications that receive traffic. They use AppLovin's system to play a game of back and forth. Here, they pay high advertising fees, while on the other side, they settle the money back to overseas accounts controlled by the criminal group in the name of developer revenue sharing, allowing the funds to be laundered right under Nasdaq's nose.