Banned illicit crypto marketplaces Huione and Xinbi Quietly resurface on Telegram
Banned by Telegram in May, the Huione and Xinbi Market channels have resurfaced under new names, TRM Labs said in a recent update.
Despite Telegram’s May 13 ban on the notorious Huione Guarantee and Xinbi Guarantee crypto marketplaces, both appear to have reemerged — according to blockchain intelligence firm TRM Labs — following a familiar cybercrime pattern where shuttered platforms resurface under new names, new channels, or slightly altered forms.
In a May 29 blog post, TRM Labs revealed that despite Telegram’s ban on Huione Guarantee’s public-facing vendor channels, Huione Group is “still operating channels for its ‘VIP’ vendors on the platform.” More than that, the Cambodia-based company has…
