Telegram banned Huione Guarantee and Xinbi Guarantee from its platform on May 13, 2025, disrupting these illicit crypto marketplaces across Southeast Asia.
These bans highlight ongoing challenges in monitoring digital money laundering and their significant impact on USDT transactions and the crypto ecosystem.
Telegram has banned channels associated with Huione Guarantee and Xinbi Guarantee due to allegations of money laundering. This action follows extensive blockchain evidence provided by TRM Labs and Elliptic.
The US FinCEN designated Huione Group a financial institution of primary money laundering concern on May 1, 2025. Telegram subsequently removed channels linked to Huione and Xinbi, affecting related guarantee marketplaces across Southeast Asia.
Telegram Removes Channels After TRM Labs Evidence
Telegram has banned channels associated with Huione Guarantee and Xinbi Guarantee due to allegations of money laundering. This action follows extensive blockchain evidence provided by TRM Labs and Elliptic.
The US FinCEN designated Huione Group a financial institution of primary money laundering concern on May 1, 2025. Telegram subsequently removed channels linked to Huione and Xinbi, affecting related guarantee marketplaces across Southeast Asia.
Tudou Guarantee Gains Traction Post-Telegram Ban
Telegram’s actions have disrupted illicit crypto activities, leading to significant market shifts. Vendors reportedly migrated to Tudou Guarantee, which saw transaction activity rise sharply. Huione Guarantee ceased operations but allegedly encouraged migration elsewhere.
Experts fear new guarantee platforms will emerge, resulting in adaptations of crypto crime schemes. Historical trends suggest similar bans initially reduce activity but vendors often find alternative channels. TRM Labs report $35 billion USDT transactions facilitated by these platforms.
Xinbi 2.0 Emerges Despite Regulatory Crackdown
This move aligns with past efforts to combat illegal activities on Telegram, causing temporary declines in illicit escrow services. Vendors have previously leveraged anonymous platforms to avoid regulations, similar to Tudou’s recent surge.
Insights from Kanalcoin highlight resilience in the crypto ecosystem, where service adaptation follows regulatory actions. Historical data indicates vendors likely transition to new or alternate channels, as seen with Xinbi’s “Xinbi 2.0” rebranding.
Huione Group is designated as a financial institution of primary money laundering concern under the USA PATRIOT Act.
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