Telegram and the crypto scam market: the fight against Huione
The post Telegram and the crypto scam market: the fight against Huione appeared on BitcoinEthereumNews.com. The closure of Huione by Telegram has not stopped the growth of the largest crypto scam market ever, which over time has handled transactions worth over 27 billion dollars. However, the fight against these criminal systems has intensified, with an unusual increase in business volume and the rapid emergence of new competitors in the world of illicit platforms. Huione: a criminal ecosystem on Telegram for crypto scams Huione represented a sophisticated criminal market active on Telegram, capable of offering a wide range of illegal services. These included fake documents, stolen data, money laundering services, and acts of intimidation. It was not just about digital scams: the criminal network extended its range of action to human trafficking and collaborations with international groups like the well-known Lazarus group. It is important to emphasize that Huione was under the control of criminal elites from countries such as Cambodia, Laos, and Myanmar, while direct links with North Korea are highlighted. This structure gave Huione remarkable resilience, even in the face of repeated counteractions. In the face of the international alarm, Telegram removed thousands of channels and accounts linked to Huione. However, despite the ban, the financial components and cryptocurrency payment infrastructures remained fully operational. Thus, the criminal actors quickly migrated to new domains and platforms, keeping their economic power unchecked. This situation is confirmed by an increase in the volume of criminal transactions on Telegram, which has reached +400%, highlighting how targeted shutdowns have had only a partial effect on this ecosystem. After Huione, the platform that took control of the black market on Telegram became Tudou Guarantee. By mid-June, this platform surpassed 300,000 transactions, with a large part of the previous Huione sellers continuing to operate in a similar manner. The services offered by Tudou Guarantee reflect those of Huione, including the sale…
The post Telegram and the crypto scam market: the fight against Huione appeared on BitcoinEthereumNews.com.
The closure of Huione by Telegram has not stopped the growth of the largest crypto scam market ever, which over time has handled transactions worth over 27 billion dollars. However, the fight against these criminal systems has intensified, with an unusual increase in business volume and the rapid emergence of new competitors in the world of illicit platforms. Huione: a criminal ecosystem on Telegram for crypto scams Huione represented a sophisticated criminal market active on Telegram, capable of offering a wide range of illegal services. These included fake documents, stolen data, money laundering services, and acts of intimidation. It was not just about digital scams: the criminal network extended its range of action to human trafficking and collaborations with international groups like the well-known Lazarus group. It is important to emphasize that Huione was under the control of criminal elites from countries such as Cambodia, Laos, and Myanmar, while direct links with North Korea are highlighted. This structure gave Huione remarkable resilience, even in the face of repeated counteractions. In the face of the international alarm, Telegram removed thousands of channels and accounts linked to Huione. However, despite the ban, the financial components and cryptocurrency payment infrastructures remained fully operational. Thus, the criminal actors quickly migrated to new domains and platforms, keeping their economic power unchecked. This situation is confirmed by an increase in the volume of criminal transactions on Telegram, which has reached +400%, highlighting how targeted shutdowns have had only a partial effect on this ecosystem. After Huione, the platform that took control of the black market on Telegram became Tudou Guarantee. By mid-June, this platform surpassed 300,000 transactions, with a large part of the previous Huione sellers continuing to operate in a similar manner. The services offered by Tudou Guarantee reflect those of Huione, including the sale…
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