Tudou Guarantee Shuts Down Telegram Transactions After $12B Crypto Fraud Wave
In January 2026, Tudou Guarantee Marketplace, a major Telegram-based platform known for facilitating illicit services and cryptocurrency fraud, halted its public Telegram transactions after processing over $12 billion in suspicious activity. This dramatic step followed the arrest of Chen Zhi, CEO of Prince Group, whose organization was linked to large-scale scam operations including forced labor, romance scams, and investment fraud. The sudden drop in wallet activity suggests a direct link to recent law enforcement action targeting Southeast Asian scam networks. This incident highlights the persistent risks of unregulated messaging platforms in enabling transnational cybercrime and the growing technological sophistication behind crypto-related fraud. With law enforcement crackdowns intensifying and marketplaces shifting tactics, organizations must update controls against social engineering, identity abuse, and crypto laundering.
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