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Internet's biggest-ever black market shuts down
short by Pragya Swastik / on Friday, 16 May, 2025
Huione Guarantee, a Chinese-language market for crypto scammers and money launderers believed to be the world's biggest, is shutting down. Telegram banned thousands of accounts and usernames that served as the infrastructure for the illicit marketplace. Telegram also took action on accounts related to a second market, Xinbi Guarantee. These markets enabled over $35 billion in transactions.
read more at Reuters