Telegram deletes cybercrime channels from Xinbi and Huione: 8.4 billion USDT laundry uncovered

Telegram deletes cybercrime channels from Xinbi and Huione: 8.4 billion USDT laundry uncovered
telegram removes channels that are connected to cybercrime
Telegram recently taken measures to remove channels associated with cybercrime. The channels of Xinbi and Huione, which were identified in a research result, are particularly affected. The analysis showed that a total of 8.4 billion USDT (Tether) were washed over the platforms.
The decision of Telegram to close these channels is part of a more comprehensive approach to combat cybercrime and money laundering in digital space. The platform has undertaken to ensure that its services are not used for illegal activities. Research that led to this decision illuminates the role of social media and messaging services in facilitating criminal activities, especially in connection with cryptocurrencies.
By closing the Xinbi and Huione channels, Telegram sends a strong signal that the company takes the combination of cybercrime seriously. The problem of washing money is a serious concern in the cryptocurrency landscape, and it is crucial that platforms like Telegram actively act against such practices.
Overall, this development shows how important it is that companies act responsibly in digital space and take measures in order to prepare themselves against illegal activities. Telegrams step to remove the affected channels could serve as a model for other platforms that have similar challenges.