Telegram closes $ 27-billion-huione crypto-scam marketplace-competitive platforms experience 400%increase through migration criminal networks.

Telegram closes $ 27-billion-huione crypto-scam marketplace-competitive platforms experience 400%increase through migration criminal networks.
Telegram closes the Huione crypto fraud market with a volume of $ 27 billion
In a significant campaign, Telegram closed a crypto fraud market that operated under the name Huione and had an estimated volume of $ 27 billion. This measure is an important step in the fight against illegal activities in the crypto area.
The closure of Huione has brought unintentional consequences. As a result, rival platforms that offer similar services have increased by 400 % in user traffic. This increase clearly shows that criminal networks are quickly able to adapt to new circumstances and use alternative platforms to continue their activities.
The developments in the closure of the Huione market and the subsequent growth of competing platforms raise questions about the effectiveness of the measures against crypto fraud. Experts warn that combating such illegal marketplaces not only includes closing platforms, but also a more comprehensive understanding of the dynamics that drive criminals.
The crypto community and supervisory authorities are now faced with the challenge of developing effective strategies in order to prevent relocation of criminal activities and to increase security in the digital space. A permanent dialogue between different actors in the field of cyber security could be of crucial importance in order to recognize and combat future forms of fraud.