In brief
- Telegram banned thousands of accounts linked to Haowang Guarantee on May 13, forcing the platform offline.
- The marketplace enabled cybercriminals to trade stolen data, fake IDs, and tools for industrial-scale online scams.
- Investigators say key players are now regrouping under successor platforms like Xinbi and Tudou Guarantee.
Telegram has terminated the most prolific crypto-fueled black market ever seen online, erasing a network that helped launder more than $27 billion across Asia’s cyber scam economy.
On Monday, the messaging platform banned thousands of accounts linked to Haowang Guarantee, formerly Huione Guarantee, forcing the illicit marketplace to shut down almost immediately.
“Telegrame were blocked all of our NFT,…
Dec 16 2025
