Telegram Bans $35B Scam Marketplace. Only to See Illicit Crypto Trades Surge Elsewhere.

While Telegram banned Huione and Xinbi Guarantee channels amid pressure from blockchain intelligence firms and U.S. regulators, the broader ecosystem is beginning to bounce back.

What to know:🤔

= Huione Guarantee’s volumes plunged 50%, but affiliate Tudou Guarantee saw a 70x jump in daily inflows, signaling strategic migration.

= Xinbi Guarantee rebounded with a 90% surge in volume despite Telegram’s takedown efforts.

= U.S. authorities escalated enforcement, naming Huione Group a money-laundering threat and sanctioning affiliated wallets and vendors.