USDT Powers the Illicit Economy

[cryptohog]

Tether (USDT) is the financial backbone of these markets. Nearly all transactions settle in USDT, which can be frozen but rarely is. Elliptic tracks 30+ Telegram markets moving tens of billions annually. Liquidity shifts instantly between markets, enforcement remains fragmented, and the ecosystem grows unchecked. Public messaging platforms now host global illicit finance at a scale larger than any dark web market ever, operating openly and rapidly evolving.

[madtrader]

Liquidity just hopping between Telegram markets makes enforcement feel pointless