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Telegram bans $35B black markets used to sell stolen data, launder crypto

Posted on May 15, 2025

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On Thursday, Telegram announced that it has estimated more than $ 35 billion by serving cyber criminals and scammers since 2021 that it has removed two major black markets.

Blockchain research firm elliptical Told Reuters That the Chinese -language markets guaranteed and the Huaon guarantee was far more profitable than the silk road, which is an illegal drug market that the FBI occupied notorious in 2013, worth about $ 3.4 billion.

Both markets were forced to offline on Tuesday, elliptical ReportedAnd already, Hoon is guaranteed Verification That the removal of telegram will stop its market fully.

Bezavi confirmed, “There will be a huge blow to online fraudsters” in both markets, which removed them from a reliable source for “stolen data, money laundering services, and telecom infrastructure”.

Hoon is a subsidiary of the Guaranteed Hoon Group, which the United States has alleged that it also owns Hoon Pay and Hoon Crypto. The Telegram’s move came after the US Treasury began a plan to ban the Hoon Group from the US financial system earlier this month, Reuters Reported. Referring to money laundering concerns, Treasury Secretary Scott Bissant accused the group of “supporting criminal syndicate, who stole billions of dollars from Americans.”

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