PANews May 15 news, Haowang Guarantee (formerly Huione Guarantee) recently announced on its official website that all of its NFTs, channels, and groups have been blocked by Telegram, and Haowang Guarantee will cease operations from now on. According to Wired, this action by Haowang Guarantee is a response to Telegram's actions on Monday, in which Telegram banned thousands of accounts that formed the infrastructure of a large third-party vendor market, many of which provided money laundering and other services for the booming East Asian cryptocurrency scam industry.
Earlier news reported that in April this year, a United Nations report pointed out that illegal cryptocurrency projects such as Huione Guarantee are powerful tools for cybercriminal groups.