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Telegram bans $35B black markets used to sell stolen data, launder crypto

15 May 2025 at 18:15

On Thursday, Telegram announced it had removed two huge black markets estimated to have generated more than $35 billion since 2021 by serving cybercriminals and scammers.

Blockchain research firm Elliptic told Reuters that the Chinese-language markets Xinbi Guarantee and Huione Guarantee together were far more lucrative than Silk Road, an illegal drug marketplace that the FBI notoriously seized in 2013, which was valued at about $3.4 billion.

Both markets were forced offline on Tuesday, Elliptic reported, and already, Huione Guarantee has confirmed that its market will cease to operate entirely due to the Telegram removal.

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ยฉ Bloomberg / Contributor / Bloomberg

Find myโ€ฆ bicycle?

6 May 2025 at 14:54

We've reviewed some pretty expensive bikes here at Ars, and one of the consistent concerns we see in the comments is the fear of theft. That's a widely shared fear, based on a whole bunch of videos that describe how to hide an AirTag tracker where a potential bike thief won't notice it. There are also a number of products available that will hold a hidden AirTag in a reflector, a bike bell, or the head tube.

But Apple has also made it possible for third parties to plug their devices into its "Find My" system, and a company called Knog has made a Bluetooth bike tracker called the Scout that does just that. The Scout goes well beyond tracking, though, providing a motion-sensitive alarm system that will alert you if anybody tries to move your bike.

Meet the Scout

The Scout can be attached to the frame using the screw holes normally used for a water bottle holder. Security screws make it considerably more difficult to remove. Once there, it uses Apple's Find My network to keep the owner apprised of the bike's location (Android users need not apply at the moment). If you're leaving your bike in a high-risk location, you can also use Knog's phone application to set an alarm that will be triggered if the bike is moved.

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