A Telegram scam has been exposed, offering trending altcoins at discounted prices. Over $50M has been taken through Telegram deals, promising a discounted price against a vesting schedule ...

Last month, Telegram banned black markets that sold tens of billions of dollars in crypto scam-related services. Now, as those markets rebrand and bounce back, it’s done nothing to stop them.

The TRAPS Act would create a task force to develop better scam prevention strategies and recommend regulatory changes.

Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address.