Cryptocurrency scams are evolving faster than regulators can keep up. Despite enforcement actions, Telegram fraud networks like Tudou Guarantee are seeing a shocking 70x surge in daily transactions. Here’s how these illicit operations continue to thrive.
How Telegram Fraud Networks Adapt to Enforcement
Telegram’s crackdown on illicit marketplaces has failed to dismantle the ecosystem fueling large-scale fraud and money laundering. After the U.S. Treasury flagged Huione Group as a money laundering concern, Telegram banned related channels. Yet, platforms like Tudou Guarantee quickly emerged as alternatives, with daily transactions skyrocketing.
The Rise of Tudou Guarantee in Cryptocurrency Scams
Tudou Guarantee saw a 70-fold increase in daily transaction volumes after Huione Guarantee was banned. TRM Labs found overlapping wallet infrastructure between the two, proving these networks are deeply interconnected.
- Huione Guarantee processed over $35 billion in USDT before the ban.
- Daily inflows dropped to $30 million post-ban but rebounded to $40 million.
- Tudou Guarantee became the new hub for displaced vendors.
Money Laundering Tactics in Crypto Fraud
Huione Pay acted as a conduit between Huione and Tudou, moving funds seamlessly even after enforcement. Xinbi Guarantee also adapted, forming partnerships like “Solaire Casino” to expand its illicit escrow services.
Why Crypto Enforcement Efforts Fall Short
Despite sanctions and bans, these networks persist due to minimal KYC controls and rapid rebranding. TRM Labs warns that enforcement alone won’t dismantle these resilient systems.
Conclusion: The Unstoppable Growth of Crypto Scams
Telegram fraud networks like Tudou Guarantee highlight the challenges of regulating cryptocurrency scams. As long as loopholes exist, criminals will adapt—making vigilance and proactive measures essential.
FAQs
What is Tudou Guarantee?
Tudou Guarantee is a Telegram-based service facilitating cryptocurrency transactions, often linked to fraud and money laundering.
How much did Huione Guarantee process before the ban?
Huione Guarantee facilitated over $35 billion in USDT transactions, with daily peaks of $60 million.
Why did Tudou Guarantee see a 70x surge?
After Huione was banned, vendors migrated to Tudou, causing a massive spike in activity.
Are these networks still operational?
Yes, despite enforcement, platforms like Tudou and Xinbi continue to operate through rebranding and fragmentation.
What role does Huione Pay play?
Huione Pay moves funds between these networks, acting as a financial bridge for illicit transactions.
