Telegram has shut down illicit marketplace Huione Guarantee, which has facilitated transactions totaling over $27 billion in stablecoins.
The marketplace was shut down based on insights provided by blockchain analytics firm Elliptic.
"Our analysis indicates that Huione Guarantee has facilitated transactions totaling more than $27 billion since launching in 2021, making it the largest illicit online marketplace to have ever operated," Elliptic wrote.