Telegram Replaces the Dark Web

[cryptohog]

Chinese-language Telegram networks are now hosting the world’s largest illicit crypto economy, surpassing historical dark web giants. Huione Guarantee alone processed $27B from 2021–2025. After its ban, activity shifted to Tudou Guarantee ($1.1B/month) and Xinbi Guarantee ($850M/month), combining for volumes bigger than AlphaBay’s lifetime. Telegram’s public channels, escrow systems, and instant global reach have created a “dark web without friction.”

[madtrader]

Kind of wild that Telegram markets are now bigger than old dark web sites ever were