In brief
- Tudou Guarantee’s transaction volume exceeded 300,000 by June 15, quickly replacing Huione Guarantee after its May 13 ban.
- USDT transactions on Huione collapsed to near zero, but over 30 successor markets are now active on Telegram, Elliptic found.
- Platforms like Shuangying and Fully Light more than tripled in size, pointing to the rapid regrouping of Asia’s scam networks.
Crypto dark markets have rebounded weeks after Telegram shut down the world’s largest illicit marketplace, with successor platforms processing equal volumes, amounting to roughly $27 billion.
Elliptic reported Monday that Tudou Guarantee marketplace has captured most of the transaction volume from Huione Guarantee, which Telegram banned on May 13 following…
Jun 24 2025
Jun 24 2025
