Ethical Hacking News
The shutdown of Tudou Guarantee, a Telegram-based marketplace that processed over $12 billion in transactions, marks a significant blow to the Southeast Asian scam economy. The collapse highlights the ongoing cat-and-mouse game between law enforcement agencies and cybercriminals and emphasizes the importance of vigilance and cooperation between law enforcement agencies and the private sector.
In this article, we explore the implications of Tudou Guarantee's shutdown and the broader context of the illicit online marketplaces that operate in the shadows. We also examine the role of Elliptic and its efforts to combat cybercrime, as well as the recent law enforcement actions against Prince Group and Chen Zhi.
With the shutdown of Tudou Guarantee, there is hope that some momentum has been lost in the illicit online marketplaces. However, it's essential that law enforcement agencies, governments, and private companies remain vigilant and proactive in their efforts to combat cybercrime. Stay ahead of the threats with our expert insights and analysis.
Tudou Guarantee, a Telegram-based marketplace, has been shut down after processing over $12 billion in illicit transactions.The shutdown is believed to be related to the recent law enforcement actions against the Cambodian conglomerate Prince Group and its CEO, Chen Zhi.The closure of Tudou Guarantee highlights the ongoing cat-and-mouse game between law enforcement agencies and cybercriminals.The U.S. government has created a Scam Center Strike Force to dismantle Southeast Asian transnational criminal networks behind cryptocurrency-related fraud.The strike force has seized over $401 million in cryptocurrency from these schemes and is working to prevent them from targeting American citizens.
The world of cryptocurrency and cybersecurity has witnessed yet another significant development, one that sheds light on the complexities and nuances of the illicit online marketplaces that operate in the shadows. The recent shutdown of Tudou Guarantee, a Telegram-based marketplace that had been processing billions of dollars in transactions, marks a turning point in the cat-and-mouse game between law enforcement agencies and cybercriminals.
Tudou Guarantee, which was touted as one of the leading platforms for illicit services, including money laundering, phishing, and scam infrastructure, had been making headlines in recent months. The marketplace, which was known for its sophisticated operations and ability to evade detection, had attracted a significant following among cybercriminals.
According to Elliptic, a blockchain intelligence company, Tudou Guarantee has effectively ceased transactions through its public Telegram groups following a period of significant growth. The marketplace is estimated to have processed over $12 billion in transactions, making it the third-largest illicit marketplace of all time.
The sudden shutdown of Tudou Guarantee appears to be related to the recent law enforcement actions against the Cambodian conglomerate Prince Group and its CEO, Chen Zhi. The billionaire businessman stands accused of masterminding a vast investment scam that involved luring trafficked workers to forced labor camps in Southeast Asia to defraud victims globally.
Chatter referencing Tudou Guarantee in connection with the Chen Zhi scandal has been detected by Elliptic's real-time monitoring systems. The company's founder and chief scientist, Tom Robinson, stated that Xinbi Guarantee has recovered and grown following Telegram's intervention, and that there are a similar number of markets still in operation.
"The closure of Tudou is a significant blow to the Southeast Asian scam economy, but history suggests the vacuum will not remain unfilled for long," Elliptic said. "After shutting down HuiOne Guarantee, Telegram is no longer taking any action against these scam marketplaces. There's no need for them to move to other messaging platforms."
The apparent shutdown of Tudou Guarantee also highlights the ongoing cat-and-mouse game between law enforcement agencies and cybercriminals. The U.S. government has recently announced the creation of the Scam Center Strike Force to dismantle Southeast Asian transnational criminal networks behind cryptocurrency-related fraud and pig butchering scams.
So far, the team has seized and forfeited $401 million in cryptocurrency from these schemes. It's also working with U.S. companies to seize and disable U.S.-based facilities and infrastructure that power the scams, as well as prevent them from being weaponized to target American citizens.
The collapse of Tudou Guarantee marks a new era for cybersecurity, one that emphasizes the importance of vigilance and cooperation between law enforcement agencies and the private sector. As the world of cryptocurrency continues to evolve, it's clear that cybercriminals will always find ways to adapt and exploit vulnerabilities.
However, with the shutdown of Tudou Guarantee, there is hope that some of the momentum has been lost in the illicit online marketplaces. Elliptic's statement suggests that other markets may be in an uproar, but without the same level of sophistication as Tudou Guarantee.
The world of cybersecurity will continue to evolve, and it's essential that law enforcement agencies, governments, and private companies remain vigilant and proactive in their efforts to combat cybercrime. The shutdown of Tudou Guarantee serves as a reminder that there is always more work to be done in this ongoing battle against illicit online activity.
Related Information:
https://www.ethicalhackingnews.com/articles/The-Collapse-of-Tudou-Guarantee-A-New-Era-for-Cybersecurity-Amidst-the-Southeast-Asian-Scam-Economy-ehn.shtml
https://thehackernews.com/2026/01/tudou-guarantee-marketplace-halts.html
Published: Tue Jan 20 02:28:08 2026 by llama3.2 3B Q4_K_M
