SlowMist: Over the past 18 months, more than $50 billion in USDT deposits and withdrawals have been processed through HuionePay

According to SlowMist Monitoring, over the past 18 months, more than $50 billion in USDT deposits and withdrawals have been processed through HuionePay, an illegal online marketplace based on Telegram. Currently, HuionePay is under global regulatory scrutiny for suspected receipt, transfer, and withdrawal of fraudulent funds (primarily through USDT on the TRON chain). Earlier today, Elliptic reported that after Huione was banned, Telegram dark web trading merchants turned to Tudou Guarantee.