BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Telegram Disrupts $35 Billion Black-Market Networks, Operators Vow Return
Telegram Disrupts $35 Billion Black-Market Networks, Operators Vow Return
11
3
Telegram has dismantled thousands of accounts tied to two major black-market networks, Xinbi Guarantee and Haowang Guarantee, effectively halting their operations. Blockchain analytics firm Elliptic revealed these platforms facilitated over $35 billion in stablecoin transactions via Telegram-based marketplaces.
Despite the crackdown, the lucrative nature of these illicit enterprises ensures their persistence. Tom Robinson, Elliptic’s co-founder, confirms operators are already attempting to resurrect their networks on the messaging platform. Haowang Guarantee publicly acknowledged its shutdown on May 13 after Telegram removed its NFTs, groups, and channels.
By:
Previous
CoinMarketCap Launches CMC Launch, a Pre-TGE Project Launchpad with 50M User Reach
Next
US Sanctions on Chinese Firms Escalate Supply Chain Risks, Impacting Global Markets
