What Was Huione Guarantee and Why Was It Dangerous?
The internet has hidden corners where illegal activities happen, and one such place, Huione Guarantee, was recently shut down. Huione Guarantee was a marketplace on the dark web, a part of the internet that is hard to access and often used for illegal activities. It operated in the Chinese language and was known as the world’s largest platform for cryptocurrency scams and money laundering. This means it helped criminals trick people with fake crypto deals and hide money that was gained illegally. The platform was huge—it handled over $35 billion in transactions. This large amount shows how many people were affected by its illegal activities. Huione Guarantee, along with another market called Xinbi Guarantee, created a network that supported crime, making it a serious threat to online safety.
How Was Huione Guarantee Shut Down and What Does It Mean?
@telegram has finally taken action against Huione Guarantee, the largest online criminal marketplace to have ever existed! Many of the central channels of the $27 billion scammer's marketplace have been deleted, and the associated usernames have been banned... pic.twitter.com/hTqYujXv83
— Tom Robinson (@tomrobin) May 12, 2025
The shutdown of Huione Guarantee was a big step in fighting cybercrime. Telegram, a messaging app, helped by banning thousands of accounts and usernames that were linked to Huione Guarantee and Xinbi Guarantee. These accounts were the backbone of the illegal marketplace, so removing them stopped its operations. This action shows how tech companies and authorities are working together to stop online crime. However, closing one marketplace doesn’t solve everything. Criminals might create new platforms, so we need to keep watching and taking action. The shutdown of Huione Guarantee is a warning about the risks of the dark web and the importance of being careful with cryptocurrencies. It’s a positive move, but the fight against cybercrime continues.
