Crypto Crime Network Goes Bust: Telegram Strikes Again! 💥

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So, here we are. One of the biggest shady crypto marketplaces, Haowang Guarantee, has thrown in the towel. Why? Because Telegram decided to play the role of the law and blocked Haowang’s NFTs, groups, and a whole bunch of channels on May 13. Talk about a digital demolition! 🏗️

Haowang was like the Amazon of illegal services—money laundering, personal data trafficking, you name it! According to some fancy blockchain analytics firm called Elliptic, they were running the show. Who knew crypto could be so… creative? 😏

Huione Group and the Never-Ending Investigations

Elliptic, the watchdog of the blockchain world, confirmed that Haowang processed over $27 billion in transactions. Yes, billion with a ‘B’! All through the USDT stablecoin. It’s like the biggest illegal crypto market ever. Who needs a legitimate business model, right? 🤷‍♂️

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Featured image created with DALLL-E, Chart from TradingView

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2025-05-20 13:01