Shutdown of Haowang Guarantee: A Minor Setback for Crypto Scams, Says Chainalysis

Haowang Guarantee, once known as Huione Guarantee, ceased operations last week due to Telegram restrictions. It was a non-KYC marketplace on Telegram for selling tech, personal data, and money laundering services, mainly utilized by crypto scammers. Despite its shutdown, Chainalysis reports that similar services thrive, stressing the resilience and adaptability of such networks. Vendors simply move to other platforms, maintaining the infrastructure for crypto crimes, suggesting the problem is far from over.