Summary
- It was reported that similar markets continue to thrive even after Telegram shut down illegal markets.
- The transaction volumes of existing illegal markets have shifted to another Telegram-based market called Tudou Guarantee.
- According to TRM Labs, although Huione Guarantee's transaction volume decreased, Tudou Guarantee's daily inflow surged by 70 times.
On the 30th (local time), CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), reported that although Telegram closed illegal markets "Huione Guarantee (Haowang Guarantee)" and "Xinbi Guarantee," similar markets continue to thrive.
According to the report, the transaction volume of existing illegal markets, which amounted to approximately 3.5 billion Tether (USDT), has shifted to another Telegram-based market called "Tudou Guarantee."
A report from blockchain security company TRM Labs states that Huione Guarantee's transaction volume decreased by 50% compared to its 2024 peak, but Tudou Guarantee's daily inflow surged by 70 times.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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