Telegram Takes Down $35 Billion Cybercrime Marketplaces

Telegram announced the takedown of two massive darknet marketplaces, Xinbi Guarantee and Huione Guarantee, which allegedly generated over $35 billion since 2021 for cybercriminals and scammers. This surpasses the notorious Silk Road's estimated $3.4 billion valuation. The shutdown, following US Treasury sanctions against Huione Group for money laundering, represents a significant blow to online fraudsters, cutting off their access to stolen data, money laundering services, and telecoms infrastructure. This action highlights a major victory in the global fight against cybercrime.