Crypto Scammers Laundered 27 Billion Dollars via Telegram.

The Cryptocurrency Money Laundering Platform Has Ceased Operations

Haowang Guarantee, the largest money laundering platform in Internet history using cryptocurrencies, has announced its closure. This became known after Telegram blocked thousands of accounts related to crypto fraud, including Haowang Guarantee channels.

The platform is known for serving crypto scammers and laundering money for many years. According to analysts at Elliptic, over 27 billion dollars in actual cash-cryptocurrency transfers have passed through Haowang Guarantee. It is expected that the parent company platform, registered in Cambodia, has ties to the country's government and the royal family. The financial conglomerate Huione Group, which controls Haowang Guarantee, is linked to Cambodia's Prime Minister Hun Manet, his cousin, and other entities.

According to Elliptic co-founder Tom Robinson, the closure of Haowang Guarantee is a major victory in the fight against online crime. This is an important step in combating the epidemic of crypto fraud and money laundering.

It is known that the platform provided money laundering services through Telegram, as well as offered a wide range of illegal products and services. After Telegram's decision to block both platforms, they attempted to reappear, but this resulted in mass account blockages.