Andy Greenberg / Wired:

Elliptic: a US-registered firm ran a Telegram black market for Chinese crypto scammers with $8.4B in sales since 2022; Telegram has now banned many accounts  —  Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet's biggest markets for Chinese-speaking crypto scammers and money laundering.

Andy Greenberg / Wired:

Elliptic: a US-registered firm ran a Telegram black market for Chinese crypto scammers with $8.4B in sales since 2022; Telegram has now banned many accounts  —  Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet's biggest markets for Chinese-speaking crypto scammers and money laundering.

Source: TechMeme
Source Link: http://www.techmeme.com/250513/p21#a250513p21