Telegram is a hotspot for crypto fraud and laundering
A recent United Nations report showed that criminal networks in Southeast Asia are increasingly using the messaging app Telegram to facilitate illicit activities, ranging from trading hacked data to laundering money through unlicensed cryptocurrency exchanges.
The UN Office for Drugs and Crime found that organized crime syndicates are exploiting Telegram’s loose moderation and encrypted messaging features to carry out large-scale illegal operations. The UN’s findings, as reported by Reuters, highlight the vast scale of cybercrime and money laundering on the platform.
Criminals use the app to trade sensitive information, including credit card details and passwords, while purchasing tools like malware to steal funds via the…
