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disruptive TelegramWired
•Business
Business & Economics
74% Informative
Telegram banned virtually all accounts related to the first and second most popular marketplaces for vendors offering money laundering, stolen data, and a variety of other illicit wares.
The two biggest marketplaces, Haowang Guarantee and Xinbi Guarantee , had together enabled a staggering $35 billion in transactions.
Since Telegram 's purge, other smaller markets have now grown to almost entirely fill the vacuum those two key marketplaces left behind.
Telegram still hasn't faced account bans, despite stating that the market's content violated its terms of service.
In a statement to WIRED, a Telegram spokesperson defended the company's apparent decision not to ban the rebounding black market.
In early May , the US Treasury's Financial Crimes Enforcement Network officially labeled Huione Group a “primary money laundering concern”.
VR Score
67
Informative language
63
Neutral language
27
Article tone
formal
Language
English
Language complexity
72
Offensive language
possibly offensive
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not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
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Time-value
short-lived
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3
Source diversity
3
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