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

Posted By on May 15, 2025 |

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.

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Author: dasuberworm

Standing just over 2 meters and hailing from о́стров Ратма́нова, Dasuberworm is a professional cryptologist, entrepreneur and cage fighter. When he's not breaking cyphers and punching people in the face, Das enjoys receiving ominous DHL packages at one of his many drop sites in SE Asia.

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