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Telegram Cracks Down on Suspected $8B Chinese Crypto Crime Marketplace Set Up in Colorado

Illicit marketplaces are a key part of the growing global cyberscams industry, with Southeast Asia being among the hubs for such activity.

By Tim Craig|Edited by Sheldon Reback

Updated May 14, 2025, 2:42 p.m. Published May 14, 2025, 2:32 p.m.

Telegram app — Telegram is cracking down on illicit crypto marketplaces that use its app. (Dima Solomin/Unsplash)