As cited
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threat intel
Evolution of Chinese-Language Guarantee Telegram Marketplaces
Chinese-language Telegram-based guarantee marketplaces continue to proliferate following Huione Guarantee's 2025 shutdown, with platforms like Dabai Guarantee facilitating coordination among Chinese-speaking criminal syndicates for fraud and cyber campaigns. Dabai Guarantee operates through a large infrastructure of public and private channels, with one notable channel targeting ATM withdrawal and retail fraud schemes in South Korea and Japan. These marketplaces attract criminals by reducing distrust between groups and avoiding the risks associated with traditional dark web marketplaces and their potential exit scams.
Why it matters: Retail businesses, banks, payment providers, insurance companies, and individuals in Asia-Pacific regions are directly exposed to the organized fraud and cyber campaigns coordinated through these guarantee marketplaces; security practitioners should monitor threat actors' use of Telegram as a primary communication platform and track the evolution of these criminal infrastructure models.
- Source published
- First seen by Cybersecurity Tracker