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Elliptic: Telegram Dark Web Traders Shift to Tudou Guarantee After Huione Shutdown

Summary: According to a report by Cryptoslate, Elliptic stated that despite the closure of the Cambodian platform Huione Guarantee on May 13 due to a $2.7 billion Ponzi scheme, dark market trading on Telegram has not decreased. Data shows that merchants quickly shifted to Tudou Guarantee, a competitor platform holding 30% of Huione's shares, with USDT ...

According to a report by Cryptoslate, Elliptic stated that despite the closure of the Cambodian platform Huione Guarantee on May 13 due to a $2.7 billion Ponzi scheme, dark market trading on Telegram has not decreased. Data shows that merchants quickly shifted to Tudou Guarantee, a competitor platform holding 30% of Huione's shares, with USDT inflows now back to pre-Huione shutdown levels. On-chain data reveals that after the ban was implemented, Huione's USDT inflows dropped to near zero, while Tudou Guarantee's user base more than doubled, with inflows comparable to pre-Huione closure levels.

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Link: Elliptic: Telegram Dark Web Traders Shift to Tudou Guarantee After Huione Shutdown [Copy]

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