Telegram Pulls Plug on Haowang Guarantee Crypto Crime Syndicate
The post Telegram Pulls Plug on Haowang Guarantee Crypto Crime Syndicate appeared on BitcoinEthereumNews.com. 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, Channels and group… Haowang Grarantee will cease operation from now,” read a statement posted to Haowang’s website. Blockchain analytics firm Elliptic, which has tracked the platform since mid-2023, reported that vendors operating through Haowang sold laundered USDT, stolen data, fake IDs, and tools used to abuse workers trapped in scam compounds across Southeast Asia.
The post Telegram Pulls Plug on Haowang Guarantee Crypto Crime Syndicate appeared on BitcoinEthereumNews.com.
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, Channels and group… Haowang Grarantee will cease operation from now,” read a statement posted to Haowang’s website. Blockchain analytics firm Elliptic, which has tracked the platform since mid-2023, reported that vendors operating through Haowang sold laundered USDT, stolen data, fake IDs, and tools used to abuse workers trapped in scam compounds across Southeast Asia.
What's Your Reaction?
