Telegram Bans $35B Scam Networks—But Fraud Explodes on Tudou Guarantee
In a bold move, Telegram has banned two massive scam networks—Huione and Xinbi Guarantee—linked to $35 billion in illicit crypto activity. But within days, fraudsters resurfaced on Tudou Guarantee, proving how resilient crypto scams can be. Here’s what’s happening and why regulators are struggling to keep up.
Telegram Scam Crackdown: A Temporary Win?
Telegram’s ban on Huione and Xinbi Guarantee followed pressure from the U.S. Treasury’s FinCEN. These platforms were hotbeds for unregulated crypto trading, scams, and money laundering. But shutting them down didn’t stop the fraud—it just forced a migration.
- Huione & Xinbi Guarantee: Operated for years, facilitating $35B in shady transactions.
- Telegram’s Action: Banned groups for violating community guidelines and exposing users to risks.
- The Aftermath: Fraudsters quickly moved to Tudou Guarantee, showing how adaptive these networks are.
Why Tudou Guarantee Is the New Hub for Crypto Fraud
Within days of the Telegram ban, Tudou Guarantee saw a 70x spike in activity. This highlights a grim reality: demand for unregulated, high-risk crypto trading isn’t going away. Experts compare this to the Silk Road-Hydra cycle—when one platform falls, another rises.
Regulators’ Whack-a-Mole Problem
The U.S. Treasury warns that messaging apps like Telegram could become hubs for illegal finance if left unchecked. But enforcement is tricky:
| Challenge | Example |
|---|---|
| Decentralized platforms | Tudou Guarantee operates outside traditional banking systems |
| Rapid migration | Scammers shift operations in days |
| Global coordination gaps | No unified crypto fraud enforcement |
What This Means for Crypto Investors
While ATOM and ICP dipped recently, these moves reflect broader market trends—not the Telegram scam bans. However, the rise of Tudou Guarantee is a red flag for anyone trading in unregulated spaces.
FAQs
1. What were Huione and Xinbi Guarantee?
They were Telegram-based marketplaces facilitating $35B in crypto scams before being banned.
2. Why did Tudou Guarantee surge after the bans?
Fraudsters relocated there immediately, proving how quickly these networks adapt.
3. Is Telegram still a risk for crypto scams?
Yes—while it banned these groups, others may emerge unless stricter moderation is enforced.
4. What can regulators do to stop crypto fraud?
Global coordination and real-time monitoring are key, but decentralized platforms make this difficult.
