According to ChainCatcher, citing Cryptoslate, Elliptic released a report stating that despite the closure of the Huione Guarantee platform on May 13 due to involvement in a $27 billion pig butchering scam, dark market trading on Telegram has not decreased.
Data shows that merchants quickly moved to Tudou Guarantee, a competitor platform in which Huione holds a 30% stake. The platform's USDT inflow has recovered to the level before Huione's shutdown. On-chain data indicates that after the ban, Huione's USDT inflow dropped to near zero, while Tudou Guarantee's user numbers increased by more than double, with inflow comparable to the amount before Huione's closure.




