The shuttering of Major Crypto Darknet Marketplace Huione Guarantee has seen its users into a herd for at least 30 heirs, doubling its user base since a marketplace.
Telegram messaging service stopped Huione guarantee in May after banning thousands of its affiliated accounts and channels.
Oval Said In a report on Monday that after the shutdown, several telegram marketplaces saw an increase in the number of users, but the Tudo guarantee was “primary winner”, occupying the volume of pre -Hyon’s transactions.
“Tudo Guarantee has seen users more than doubled – and cryptocurrency inflow is now almost equal to those seen for the guarantee of Hyon,” said the egg.
Traders also make switch
With users, who used to work on the Huione guarantee in the past, have also moved to Tudou, offering stolen data, money laundering services, illegal goods and other products, which are to snatch the victims for scammers.
Along with Tudo, Illiptic is tracking more than 30 other telegram-based dark markets, which experience a opatic in users and volumes after the closure of the Huon Guarantee.
“The closure of the Huione guarantee has given the opportunity to fill the gap for many of these contestants,” said the egg.
According to eggs, Huyon Guarantee is also a major shareholder in Tudo after receiving 30% stake in last December.
Elliptical repetition is dead
Analysts of the blockchain analysis firm Channelis have reported that the Huan guarantee activity has not declined since the so -called “shutdown”, but has increased instead.
However, eggs stated that Huione may be a mixture with guarantee and other businesses of the Huione Group, especially Huione Pay, a large payment business with brick-and-mortar outlets in Cambodia, which also accepts Crypto as a payment option and helps to reduce the income of the online scam.
Iliptic stated that when Hyon’s guarantee offered escrow services for private transactions after shutdown, even those concerned Titu (USDT) transactions were “dropped by negligible levels by the end of May”.
“By analyzing blockchain transactions at a more granular level, it is clear that, however, Huon Pays high -volume transactions continue to transact, the transactions of Huon Guarantee are effectively closed,” said the egg.
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The Cambodian group is responsible for a network of Huione group businesses, including the payment service platform Huione pay plc, crypto exchange huione crypto and Haowang guarantee.
Dark Market Ecosystem is still increasing
To take down the huione guarantee “shockwaves,” said the guarantee market ecosystem, “said the eggs; However, it has only allowed others to take advantage of power vacuum and increase their operations.
“This will require the wider, ongoing removal of these marketplaces from Telegram if these major ambassadors of the global scam epidemics are to be stopped,” said the egg.
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