Telegram's Battle Crypto Scam Markets Rebuild After Huione Shutdown with 400% Volume Surge

Telegram’s Battle: Crypto Scam Markets Rebuild After Huione Shutdown with 400% Volume Surge

Telegram‘s recent shutdown of Huione Guarantee, once the largest illicit marketplace in history with over $27 billion in transactions, has paradoxically strengthened the crypto dark market. According to blockchain analytics firm Elliptic, rival platforms experienced a staggering 400% volume surge, quickly absorbing the displaced criminal user base within weeks. This ‘Hydra effect’ highlights the profound…

$50M Telegram Crypto Scam Exposed Investors Duped by Fake OTC Deals Involving SUI, NEAR, and Axelar

$50M Telegram Crypto Scam Exposed: Investors Duped by Fake OTC Deals Involving SUI, NEAR, and Axelar

A sprawling $50 million over-the-counter (OTC) crypto scam has been exposed, implicating prominent tokens like SUI, NEAR, Axelar, and over 30 others in what insiders are calling one of the largest retail-focused frauds in recent memory. The scheme, which ran quietly on invite-only Telegram channels from late 2024 through mid-2025, deceived a network of traders,…