Telegram has closed the unlawful Haowang Marketplace guarantee, a former HUIONE guarantee, which has facilitated transactions with a total of $ 27 billion in Stablecoins since 2021.
Haowang was closed based on visions offered by Blockchain Analytics Elliptic on Tuesday.
The closure occurred in the middle Campaign on thousands of suspected Chinese crime channels run on TelegramAfter Elliptic Report to Marketplace Xinbi.
Telegram has now closed Huione and XINBI, which dealt with $ 35 billion of illegal transactions in Stablecoins, Al -Alailji wrote on a web publication on Wednesday.
“Our analysis indicates that the Huione guarantee has facilitated transactions that have a total of more than $ 27 billion since its launch in 2021, making it the largest illegal market on the Internet ever,” Elliptic Books.
XINBI has been the second largest transaction of $ 8.4 billion since 2022, and Al -Alailji added.
For perspective, the prominent “Web Dark Web” markets such as the Silk Road and Alphabay Road, ALPHABAY, $ 216 million and $ 639 million, respectively.
These markets work historically through an anonymous browser Tor, but have recently transferred their operations to Telegram, applying correspondence with more than a billion users.
Huione and Xinbi are referred to as “guarantee” markets, a term dedicated to platforms that do not sell goods and services themselves, but they provide a place for merchants for sale to customers.
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