Telegram Crackdown Forces Shutdown of $27B Haowang Crime Network

May 15, 2025

Catenaa, Friday, May 16, 2025-The world’s largest illicit online marketplace, Haowang Guarantee, has ceased operations following a crackdown by Telegram, which blocked thousands of related channels, reports said yesterday. Blockchain analytics firm Elliptic reported the platform processed more than $27 billion in USDT transactions, functioning as a hub for money laundering, personal data sales, and […]