CMC News

Huione Marketplace Shutdown Spawns 30 New #Crypto Darknet Platforms

The closure of major #crypto darknet marketplace Huione Guarantee in May has triggered massive user migration to successor platforms.

Telegram banned thousands of Huione's associated accounts and channels, creating a power vacuum.

Tudou Guarantee emerged as the primary beneficiary, doubling its user base since the shutdown, according to Elliptic.

Over 30 other Telegram-based dark markets experienced user and volume upticks after Huione's closure.

Merchants offering stolen data, money laundering services, and illicit goods migrated to Tudou and other platforms.

Huione Guarantee holds a 30% stake in Tudou after acquiring the position last December.

$USDT transactions on Huione Guarantee dropped to negligible levels by late May, confirming the shutdown.

Elliptic analysts differentiate between defunct Huione Guarantee and active Huione Pay brick-and-mortar operations.

The firm warns that removing these #Telegram marketplaces requires ongoing coordinated enforcement efforts.