The Internet’s Biggest-Ever Black Market Just Shut Down Amid a Telegram Purge

Following a WIRED inquiry, Telegram banned thousands of accounts used for crypto-scam money laundering, including those of Haowang Guarantee, a black market that enabled over $27 billion in transactions.

May 15, 2025 - 01:14
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The Internet’s Biggest-Ever Black Market Just Shut Down Amid a Telegram Purge
Following a WIRED inquiry, Telegram banned thousands of accounts used for crypto-scam money laundering, including those of Haowang Guarantee, a black market that enabled over $27 billion in transactions.