Chinese Groups Have Transformed Telegram into the Dark Web of Crypto Scams

Chinese-language networks operating on Telegram have become the backbone of the world’s largest illicit crypto economy.   These groups have surpassed the dark web in fusing scams, AI-driven deception, and money laundering into a single, industrial system. Telegram Markets Now Dwarf Historical Dark Web Giants The scale is unprecedented. Elliptic data shows Huione Guarantee, later rebranded as Haowang Guarantee, processed $27 billion between 2021 and 2025 source: https://beincrypto.com/chinese-telegram-crypto-scams-surpass-dark-web-markets/