Telegram has taken a significant step by banning a massive scam marketplace that had amassed a staggering $35 billion in transactions. However, this decisive action has not had the intended effect of curbing illicit cryptocurrency trading; instead, it has led to a notable surge in such activities on alternative platforms and channels. As users seek to navigate around Telegram's ban, many are flocking to other less regulated environments to continue their exchanges of illicit cryptocurrencies, raising concerns about the broader implications for online security and regulatory efforts in the ever-evolving digital landscape.
source: https://www.coindesk.com/business/2025/07/30/illicit-crypto-trade-quickly-rebounds-despite-telegram-s-shutdown-of-usd35b-huione-marketplace