Crypto World News: Dark Markets on Telegram Remain Active Despite Bans!

A recent report by Elliptic (from June 23) revealed a troubling trend: after the disappearance of Huione Guarantee (a multi-billion dollar fraud in USDT) on May 13, dark markets quickly filled the niche that emerged on Telegram.

Although Telegram has blocked thousands of channels and users associated with Huione, the data shows that scammers quickly moved to other channels. This demonstrates the remarkable adaptability and resilience of shadow platforms.

What does this mean for us?

It underscores the urgent need for enhanced monitoring and the development of more sophisticated algorithms to detect illegal activities in the digital space. Companies and regulators must join forces to effectively counter these threats.

Stay vigilant and cautious!