Cryptopatel 
The Haowang Guarantee crypto black market has officially been taken down, marking a major turning point in the ongoing battle against crypto crime. This massive underground marketplace, formerly known as Huione Guarantee, operated mainly via Telegram, with transactions totaling over $27 billion. It enabled illegal activities including money laundering, identity fraud, and even human trafficking.
Why should you care? Because this isn’t just another scam story—it signals a growing wave of enforcement in a space often known for its lack of oversight. With Telegram stepping in and government agencies on high alert, 2025 may be the year crypto crime gets the reality check it needed.
What is the Haowang Guarantee Crypto Black Market?
The Haowang Guarantee crypto black market was an illicit digital hub operating primarily through Telegram, targeting Chinese-speaking users. It facilitated a range of criminal services, including:
Crypto money laundering
Sale of stolen data and forged documents
Scam toolkits
Human trafficking deals
Run by a shadowy network tied to Huione Group, Haowang Guarantee allowed users to transact using USDT and other stablecoins, masking identities and avoiding legal oversight.
Telegram accounts acted as intermediaries—offering escrow-like services—boosting user trust in illegal deals. The platform grew rapidly and quietly until investigators from blockchain intelligence firm Elliptic unearthed the scale of its operations.
Why Haowang Guarantee Matters in 2025
The takedown of Haowang Guarantee isn’t just another crypto scandal—it’s a wake-up call.
Crypto regulation is catching up. With global scrutiny rising, platforms like Telegram are now being held accountable for content and behavior they enable.
$27 billion isn’t just a number. It reflects how deeply rooted illicit crypto transactions have become, influencing even legitimate financial flows.
More markets may be exposed. Linked platforms like Xinbi Guarantee and Tudou Guarantee may continue this cycle under new names.
In short, this case proves that Telegram crypto crime is no longer flying under the radar.
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Top Insights from the Haowang Guarantee Takedown
Telegram’s Role in the Crackdown
Telegram banned thousands of accounts tied to Haowang Guarantee after evidence from Elliptic surfaced. This reflects a major policy shift and a newfound focus on compliance.
U.S. Treasury’s Involvement
The U.S. Treasury labeled Huione Group, the parent company, as a money laundering entity. This added pressure on platforms and service providers to block access and transactions.
The Ongoing Risk of Dark Markets
Even with Haowang shut down, cybercrime networks remain agile. As experts warn, new platforms may emerge on less regulated messaging apps or in decentralized spaces.
What to Watch Next in Crypto Security
Crypto users, developers, and regulators need to stay alert. Here’s what’s next:
Stronger KYC enforcement across messaging platforms and DeFi protocols.
AI-based scam detection tools being integrated into crypto wallets.
Increased cross-border collaboration between governments and tech companies.
If you’re building or investing in crypto, start embedding compliance-first strategies now. Platforms that fail to adapt may risk both reputation and regulatory wrath.
The fall of the Haowang Guarantee crypto black market is a defining moment in the evolution of crypto crime enforcement. With $27 billion worth of illegal transactions uncovered, it’s clear that regulation and technology are finally catching up to bad actors.
Frequently Asked Questions:
What was Haowang Guarantee?
Haowang Guarantee was a Telegram-based crypto black market responsible for over $27 billion in illicit transactions including money laundering and trafficking.Why was Haowang Guarantee shut down?
Telegram banned thousands of accounts linked to the platform after investigations revealed its deep involvement in illegal crypto-related activities.What was the role of the Huione Group in this operation?
Huione Group, the parent company behind Haowang Guarantee, was designated a money laundering operation by the U.S. Treasury.Are there other black markets still operating under Huione?
Yes, platforms like Xinbi Guarantee and Tudou Guarantee are believed to be affiliated and may continue operations under new names.What does this mean for the future of crypto regulation?
This takedown shows increasing global cooperation and enforcement against illicit crypto use, pushing for tighter regulation and platform accountability.
