Telegram Is Still Hosting a Sanctioned $21 Billion Crypto Scammer Black Market
Briefly

Telegram Is Still Hosting a Sanctioned $21 Billion Crypto Scammer Black Market
"Xinbi Guarantee has also hosted a wide variety of other black market offerings, including harassment services that threaten or throw feces at a victim for a fee, and even sex workers as young as 14 who are likely trafficking victims."
"It was already a weak argument, but the sanctioning of Xinbi makes the argument much weaker. There is now this official recognition that Xinbi is predominantly an illicit actor."
"Telegram's tolerance for Xinbi Guarantee is all the stranger because it did, in fact, ban the market at one point last year."
"Despite Telegram's own statement that it had violated the messaging platform's terms of service, Xinbi Guarantee simply rebuilt its marketplace."
Xinbi Guarantee operates various illicit services, including harassment and underage sex work, raising concerns about trafficking. Despite Telegram's earlier ban on Xinbi, the platform has allowed it to persist. The UK government has sanctioned Xinbi, further undermining Telegram's defense of hosting it. Telegram previously removed accounts linked to Xinbi but failed to act on continued illegal activities. Xinbi has now encouraged users to migrate to another platform, SafeW, indicating its awareness of potential future bans from Telegram.
Read at WIRED
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