Cryptocurrency Fraud Thrives: Telegram Fraud Networks Adapt with Tudou Guarantee Seeing 70x Surge
Cryptocurrency fraud networks on Telegram are evolving rapidly, with Tudou Guarantee experiencing a staggering 70x surge in daily transactions. Despite enforcement actions, these illicit platforms continue to thrive, posing significant challenges for regulators.
How Telegram Fraud Networks Are Adapting to Enforcement
Telegram’s crackdown on illicit marketplaces has failed to dismantle the ecosystem facilitating large-scale fraud and money laundering. After the U.S. Treasury’s designation of Huione Group as a primary money laundering concern, Telegram removed several channels linked to Huione Guarantee and Xinbi Guarantee. However, these platforms quickly pivoted to Tudou Guarantee, showcasing their resilience.
- Huione Guarantee previously facilitated over $35 billion in USDT transactions.
- Daily inflows dropped from $60 million to $30 million post-ban but rebounded to $40 million.
- Tudou Guarantee saw a 70-fold increase in daily transaction volumes.
The Interconnected Nature of Cryptocurrency Fraud
TRM Labs analysis reveals overlapping wallet infrastructure between Huione and Tudou. Huione Pay acted as a key conduit for moving funds, with flows shifting to Tudou post-ban. This interconnectedness highlights the sophistication of these networks.
| Platform | Daily Inflows (Pre-Ban) | Daily Inflows (Post-Ban) |
|---|---|---|
| Huione Guarantee | $60 million | $30 million |
| Tudou Guarantee | Low | 70x increase |
Challenges in Disrupting Money Laundering Networks
The rapid adaptation of these platforms underscores the difficulties regulators face. Xinbi Guarantee retained its Telegram ID and saw a 90% surge in daily inflows, while Funnull Technology faced U.S. sanctions for enabling pig-butchering scams.
Why Enforcement Alone Isn’t Enough
The migration to Tudou Guarantee represents a strategic move to fragment operations and evade regulatory disruption. Minimal KYC controls and rapid rebranding allow these networks to persist, demonstrating the need for more comprehensive solutions.
Conclusion: The Persistent Threat of Cryptocurrency Fraud
Despite intensified enforcement, Telegram fraud networks continue to thrive through adaptation and operational fragmentation. The surge in Tudou Guarantee’s transactions signals a resilient and evolving threat in the cryptocurrency space.
Frequently Asked Questions
What is Tudou Guarantee?
Tudou Guarantee is a Telegram-based service that has seen a 70x surge in daily transactions after the ban on similar platforms like Huione Guarantee.
How are these fraud networks interconnected?
TRM Labs analysis shows overlapping wallet infrastructure, with Huione Pay acting as a conduit for funds between Huione and Tudou Guarantee.
Why are enforcement actions ineffective?
These networks rapidly adapt by rebranding, fragmenting operations, and leveraging minimal KYC controls to evade regulatory disruption.
What role does Telegram play in this?
Telegram serves as a platform for these illicit marketplaces, despite efforts to remove channels linked to fraudulent activities.
