According to reports from Wu, the blockchain analysis firm Elliptic stated that despite Telegram banning Huione Guarantee, which involved an amount of 27 billion USD in May, and shutting down thousands of related channels, darknet merchants quickly shifted to its competitor Tudou Guarantee. Data shows that Huione's USDT inflow has nearly dropped to zero, while the number of Tudou users has doubled, and fund inflows have returned to original levels.

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