Seriously Risky Business Newsletter
May 22, 2025
Telegram Is Cooperating With Authorities, For Now
Presented by
Policy & Intelligence
Telegram's moderation policies have markedly improved, but the jury is out on whether its pivot to more responsible practices will be an enduring one.
This week the messaging app shut down Huoine Guarantee and Xinbi Guarantee, two massive Telegram-based criminal marketplaces that connected Southeast Asian fraudsters with criminal services.
Both were 'guarantee marketplaces', where the market administrators facilitated illicit transactions between anonymous buyers and sellers. Its services included the vetting of merchants, escrow services, and bots that monitor transaction fulfillment. Tether's USDT stablecoin is the primary payment method.