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Dark Telegram -based markets quickly filled the gap that left the HUIONE warranty after the marketplace disappeared on May 13, according to J23 elliptical message.
Elliptical noted that the telegram has banned Thousands of channels guarantee huione and usernames as soon as scientists traced billions USDT-Deenominized sales for fraud with pig-butchering. However, the data show that IRchants immediately moved to this guarantee, an opponent in which Huione owns a 30% share.
The chain data reported in HUione dropped almost zero in HUione, while the number of users has more than doubled, with the influx corresponding to the huione preliminary volumes.
Warranty markets work in Chinese telegram and settled exclusively in USDT. Sellers supply stolen data, money laundering and other services necessary for online fraud.
The safekeeping model allows buyers and sellers to solve disputes without revealing real identity and Tether’s Dollar Peg eliminates the volatility of the local currency.
Different Payments from Huione Pay
Observers sometimes confuse the HUione guarantee with HUIONE PAY, a payment company based in Cambodia, which still processes large volumes of USDT.
Elliptic separated through the wallet analysis and noted that the operation of Huione Pay remained high even after Fincen called the parent group HUIONE “Financial institution of primary money washing“And suggested a reduction in US access.
Elliptic watched more than 30 active warranty markets and warned of false places that focus on inexperienced criminals.
This is where Post-Shutdown increased, but smaller competitors also gained users because traders duplicated statements across platforms.
Ecosystem adapts to a channel ban
The HUIONE warranty has been closed by temporary shock waves through a network of hundreds of thousands of fraudsters, intermediaries and brokers in Southeast Asia and China.
The ELIPTIC data showed no permanent decrease in the total market volume Moon later, suggesting that liquidity quickly migrated to replacement channels.
The report concluded that coordinated, permanent removal would be required to disrupt the ecosystem based on the telegram and USDT.
The fall of HUione warranty has disrupted one knot, but the wider structure of the Dark Market market is constantly expanding in the message for sending messages.
