Telegram hosts sanctioned crypto scam black market

Messaging app Telegram continues to host a significant black market valued at $21 billion, despite its designation by the UK as an enabler of crypto scams and human trafficking. This platform, identified as Xinbi Guarantee, operates openly, raising serious concerns about its role in facilitating illicit activities. The continued presence of such a sanctioned entity highlights potential regulatory challenges and the platform's apparent inaction. This situation underscores the ongoing difficulties in combating sophisticated financial crimes and human exploitation that leverage digital communication channels.