史上最大华语黑灰产市场被Telegram封禁！涉虚拟货币非法业务生态又将“何去何从”？

Core Insights - Telegram has initiated a large-scale ban on several guarantee platforms associated with cryptocurrency fraud, including Haowang Guarantee and Xinbi Guarantee, marking a significant crackdown on the Chinese-speaking black and gray market ecosystem [3][8]. Group 1: Overview of Banned Platforms - Haowang Guarantee, originally known as Huione Group, was established in 2021 and became a prominent online guarantee platform on Telegram, facilitating various illegal activities including money laundering and fraud, with a total transaction volume of at least $27 billion [4][5]. - Xinbi Guarantee, founded in 2022, claimed to be based in Colorado, USA, and had approximately 233,000 users with a transaction volume of $8.4 billion in 2024, offering services related to money laundering and identity fraud [6]. Group 2: Operational Mechanisms - Both Haowang Guarantee and Xinbi Guarantee operated primarily through Telegram, utilizing group chats and channels to provide a comprehensive service for black and gray market transactions, employing a "guarantee transaction" model that required users to pay a deposit and service fees [6][7]. Group 3: Reasons for the Ban - The recent bans were largely influenced by U.S. sanctions against Huione Group, which was designated as a "primary money laundering concern" by the U.S. Treasury Department, leading to significant operational restrictions [7][8]. - Previous sanctions included the revocation of operational licenses and the removal of related apps from major platforms like Apple and Google, prompting the rebranding of Huione Group to Haowang Guarantee [7]. Group 4: Future Developments in the Black and Gray Market - Despite the bans, the black and gray market is expected to adapt by relocating, transforming, or rebranding to continue operations, as the high profitability of these activities remains a strong incentive [9]. - Newer platforms such as Tudou Guarantee have emerged, with data indicating a rapid increase in user engagement and transaction activity following the bans on established platforms [10][14].