CoinVoice has recently learned that a United Nations report shows that Telegram has become a safe haven for Southeast Asian criminal networks, helping them use cryptocurrencies to launder money, trade hacked data and obtain fraud tools.
The United Nations says end-to-end encryption apps are fundamentally changing the way organized crime operates. Criminal enterprises in Southeast Asia generate between $27.4 billion and $36.5 billion a year.
Unlicensed cryptocurrency exchanges also reportedly advertised money laundering services on the app. One ad identified by the UN claimed, âWe transfer 3 million USDT stolen from overseas every day.
Criminal networks use Telegram to trade stolen sensitive information, from credit details to passwords, and purchase malware designed to steal funds. At least 10 deepfake software providers were also found to be advertising their services to criminals. [Original link]
