Blockchain intelligence experts have observed the reemergence of two banned Telegram channels under new names, showcasing the swift recovery capabilities of crypto crime groups. Despite high-profile bans in mid-May, the Huione Guarantee and Xinbi Guarantee channels resurfaced promptly with slight modifications. Huione Group continues to operate exclusive 'VIP' channels for specific vendors and relaunched its crypto exchange, accepting payments in its proprietary USDH stablecoin. The ban posed minimal obstacles for Huione, which facilitated over $80 billion in crypto transactions, while Xinbi managed $8.4 billion in USDT trades. Regulatory actions by US authorities, such as listing Huione Group as a 'primary money laundering concern,' and imposing sanctions on Funnull Technology, linked to Huione services, have not completely deterred their operations. Despite membership declines and potential exit scam concerns, these groups adapt by migrating to alternative platforms like Tudou Guarantee, ChatMe, and SafeW, facilitating illicit transactions through escrow services in the crypto realm. Read more AI-generated news on: https://app.chaingpt.org/news

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