Inside the Crypto Laundering Networks of Gambling Syndicates
Telegram-based escrow markets evolved into pipelines for gambling, scams, and large-scale crypto laundering.
Online gambling platforms linked to sanctioned guarantee networks have processed over 414 million USDT in revenue in less than two months, with millions flowing directly to major cryptocurrency exchanges.
New data from blockchain intelligence firm Bitrace shows how these operations continue at scale despite recent law enforcement actions against their payment providers.
Gambling Platforms Keep Operating After Huione-Linked Shutdowns
According to Bitrace’s investigation, a specific trio of crypto wallets, namely Huione Telegram Wallet, Wangbo Wallet, and HWZF…
