Closing up shops Telegram bans $35B black markets used to sell stolen data, launder crypto One market's shutdown comes after the Treasury Department sought a related ban.

Telegram Bans 2 Black Markets That Have Earned $35B A blockchain research firm, Elliptic, revealed that two Chinese-language markets namely the Xinbi Guarantee and the Huione Guarantee have been ...

Following WIRED’s inquiries into both markets, Telegram swiftly issued sweeping bans across its platform. “This is a huge win,” said Elliptic co-founder Tom Robinson.

Last month, Telegram banned black markets that sold tens of billions of dollars in crypto scam-related services. Now, as those markets rebrand and bounce back, it’s done nothing to stop them.

When WIRED asked Telegram about Elliptic's findings regarding both markets, the company responded with broad bans of Xinbi Guarantee and Haowang Guarantee accounts. “This is a huge win.

The internet’s largest illicit marketplace, Haowang Guarantee, formerly Huione Guarantee, said it will shut down following Telegram’s ban of thousands of associated accounts on May 13.

2 massive black market services blocked by Telegram, messaging app says By Raphael Satter May 15, 20259:03 AM PDTUpdated May 15, 2025 ...

WASHINGTON (Reuters) -Two sprawling digital black markets operating on the communications platform Telegram have been removed, the service said on Thursday. Xinbi Guarantee and Huione Guarantee ...

WASHINGTON :Two sprawling digital black markets operating on the communications platform Telegram have been removed, the service said on Thursday.Xinbi Guarantee and Huione Guarantee - Chinese ...