The sudden shutdown of Huione Guarantee has sent shockwaves across the digital guarantee market, a shadowy network involving countless online fraudsters, money launderers, and brokers of stolen information in Southeast Asia and China. Despite this disruption, many Telegram-based marketplaces with similar operations remain unaffected and are actively growing. Vendors Shift to Tudou According to blockchain intelligence firm Elliptic’s latest report , Huione Guarantee’s activity has come to a halt, but its exit has triggered a migration. Vendors are being steered toward Tudou Guarantee, which has absorbed a large share of Huione’s transactions. Before its abrupt shutdown, Huione Guarantee was operated by the Cambodia-based Huione Group. It was originally launched in 2021 with the intention of facilitating legitimate transactions involving assets like cars and real estate. Over time, however, the platform’s listings shifted focus. Leading up to its closure, much of Huione Guarantee’s activity seems geared toward supporting cyber scam operations, The authorities finally dismantled Huione Guarantee on May 13, 2025. This Telegram-based platform processed over $27 billion in transactions, mostly involving tools and services for large-scale online scams like pig butchering. Its downfall followed a detailed investigation by Elliptic, which led Telegram to delete thousands of related channels and ban associated user accounts. Still, Huione Guarantee represented just one node within a sprawling network of Chinese-language guarantee marketplaces. These platforms, thriving on Telegram, allow the exchange of illicit goods such as stolen data, fraudulent tech tools, and money laundering services, which are all vital to scam operations. Huione’s USDT Activity Nears Zero Transactions are conducted entirely in Tether’s USDT stablecoin, which ensures the ease of movement and pseudo-anonymity. In fact, Tether froze a Huione-linked wallet in July 2024 due to suspected ties to the North Korean hacking entity, Lazarus Group. After Telegram removed Huione’s public channels and usernames, the platform formally shut down, advising vendors to migrate to Tudou Guarantee. Initially, Huione claimed it would continue facilitating private escrow services, but by late May, it announced a full cessation of operations. Elliptic said that its blockchain data confirmed this exit, as incoming USDT flows to Huione’s wallets plummeted to “negligible levels.” The post Tudou Guarantee Emerges as Key Successor After Huione Darknet Shutdown appeared first on CryptoPotato .
