Telegram's Chinese Crypto Black Market Hits Record Highs

2025-12-23 19:49

Telegram's Chinese-language crypto black market has reached unprecedented levels, according to a report by WIRED. Analysis from Elliptic reveals that platforms like "Potato Guarantee" and "New Coin Guarantee" facilitate nearly $2 billion in illicit transactions monthly. These transactions include money laundering services, stolen data, fake investment sites, AI deepfake tools, and human trafficking. Experts note that these markets have surpassed dark web platforms like AlphaBay and Hydra, becoming the largest illegal online crypto markets in history.

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