Messaging app Telegram has closed thousands of channels belonging to suspected Chinese crypto-crime marketplaces after new research shed light on the situation, according to Elliptic.
The closure follows a report published by the blockchain analytics firm on Tuesday into the fast-growing Telegram-based marketplace called Xinbi Guarantee.
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The Colorado-incorporated marketplace has processed over $8.4 billion worth of transactions using Tether’s USDT stablecoin since 2022. It facilitates
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