Illicit HuiOne Telegram Market Surpasses Hydra, Hits $24 Billion in Crypto Transactions

The Telegram-based online marketplace known as HuiOne Guarantee and its vendors have cumulatively received at least $24 billion in cryptocurrency, dwarfing the now-defunct Hydra to become the largest online illicit marketplace to have ever operated.
The figures, released by blockchain analytics firm Elliptic, show that monthly inflows have increased by 51% since July 2024.
Huione Guarantee, part