Telegram shuts the ‘largest darknet marketplace to have ever existed’

The main Chinese market with Darknet, which was suspected of facilitating cryptal fraud and computer crime, was closed by a telegram report on which it worked.

The largest illegal market on the Internet, Haowang warranty, before Huione warrantyHe said he would close after a telegram’s ban on a thousand associated accounts 13. May.

“Since all our NFTs, channels and groups were blocked by telegram 13. read Notifications on the Marketplace website.

Message from Wired said This included prohibiting thousands of accounts and user names that served as an infrastructure for the crypto market of crime and its sellers.

Telegram spokesman Remi Vaughn told Outlet: “The communities that reported us before Wired or included in the elliptical reports were all canceled,” before he added that “criminal activities like fraud like fraud or money laundering are forbidden and always removed.”

The black market in Chinese language has made an estimated $ 27 billion in illegal transactions and mostly using Stablecoin in Tether (USDT), according to the security company Blockchain Eliptic.

Elliptical scientists also found that a wider group of HUione made a crypto transaction over $ 98 billion.

Related: The largest “unlawful online market” increased by 51%in 6 months: elliptical

The market provided services to the fraudsters, including money laundering, stolen personal data used Butchering Fraud, telecommunications infrastructure and equipment, software and ID Deepfake and even physical restraint used in fraudulent call center compounds in Southeast Asia.

The elliptical co -founder Tom Robinson said it was “a huge victory” because “the largest market Darknet ever existed was closed.”

“It’s a game changer in terms of overall online criminal markets, and it’s huge for online fraud victims. This market was a key activator of a global fraud epidemic and I think it will give it a real detector into the ability to do what they do.”

In early May, the platform was determined as a Money washing surgery According to the network of crimes of the Ministry of Finance Crimes of the US (Fincen). It was supposed to be interrupted from the US banking system.

Xinbi warranty grows

However, another illegal market -based market Xinbi warranty It was identified by Elliptic, which discovered thousands of crypt addresses used by traders.

On May 13, the company said it has not yet recorded a transaction of $ 8.4 billion, but this should be considered “the lower limits of the actual volume of transactions on the platform”.

Xinbi was associated with a company based in Colorado, which was incorporated in 2022, but in January 2025 it was listed as a delinquent.

The black marketplace, such as this, has revealed the “Chinese underground banking system” based on stablecoins and crypto salaries that are used to launch money on a “significant scale”, Elliptic said.

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