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Dark Market Activity on Telegram Persists Despite $27B Huione Ban – Elliptic

Summary by World News
Telegram-based dark markets rapidly filled the gap left by Huione Guarantee after the $27 billion marketplace disappeared on May 13, according to a June 23 Elliptic report. Elliptic noted that Telegram banned thousands of Huione Guarantee channels and usernames once researchers traced billions of USDT-denominated sales to pig-butchering scams.

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Experts from Elliptic stated that despite the blocking of the largest illegal crypto marketplace Huione Guarantee on May 13, other fraudulent platforms in Telegram continue to actively operate and attract customers.

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Cryptopolitan broke the news in on Monday, June 23, 2025.
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