Tudou Guarantee Telegram Marketplace
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anchored·3BgCT5…YSTASummary
Tudou Guarantee was a Chinese-language, Telegram-based illicit marketplace that processed over $12 billion in USDT transactions, making it the third-largest such marketplace in recorded history. Operated as an escrow and guarantee service for vendors selling stolen data, money laundering services, scam infrastructure, and AI deepfake tools to pig-butchering and other fraud operators, it emerged as the primary successor to Huione Guarantee following that platform's May 2025 shutdown. Tudou ceased public Telegram transactions in January 2026 following the arrest and extradition of Prince Group chairman Chen Zhi to China.
Connected Entities
8 entities · 60 linked investigations- Chen Zhi / Prince Group→mentioned with→Bitcoin(80%)
- Chen Zhi / Prince Holding Group→mentioned with→Bitcoin(70%)
- Tudou Guarantee Telegram Marketplace→mentioned with→Bitcoin(60%)
- Tudou Guarantee Telegram Marketplace→mentioned with→TRON(70%)
- Tudou Guarantee Telegram Marketplace→mentioned with→Tether(60%)
- Tether→mentioned with→Bitcoin(60%)
- Xinbi Guarantee→mentioned with→TRON(70%)
- Huione Group→mentioned with→Chen Zhi / Prince Group(85%)
- Tudou Guarantee Telegram Marketplace→mentioned with→Chen Zhi / Prince Group(90%)
- Chen Zhi / Prince Holding Group→mentioned with→Huione Group(80%)
- + 11 more
Connected Through
7 shared actors · 581 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ♦Bitcointoken
- □Tetherorganization
- □TRONorganization
- □Huione Grouporganization
Timeline(16 events)
2023
Tudou Guarantee launches on Telegram as a Chinese-language illicit guarantee marketplace. Exact launch date is not publicly documented; 2023 is the reported year of inception.
Infosecurity MagazineDecember 2024
Huione Guarantee acquires a 30% stake in Tudou Guarantee, positioning Tudou as an operational successor should Huione face enforcement action.
EllipticMay 2025
FinCEN finds Huione Group to be a foreign financial institution of primary money laundering concern and proposes a special measure under Section 311 of the USA PATRIOT Act.
FinCEN11 May 2025
Telegram shuts down Huione Guarantee's public channels. Huione formally directs its merchant network to migrate to Tudou Guarantee. Tudou experiences a 70-fold increase in daily USDT inflows.
TRM LabsJuly 2025
Tudou Guarantee's user base more than doubles following Huione merchant migration. Cryptocurrency inflows reach approximately equal levels to those Huione received prior to its shutdown.
Elliptic14 October 2025
OFAC and UK FCDO designate Prince Group as a Transnational Criminal Organization, sanctioning 146 associated entities and individuals including Chen Zhi. DOJ simultaneously unseals criminal indictment against Chen Zhi in the Eastern District of New York.
U.S. Treasury16 October 2025
FinCEN issues final rule severing Huione Group from the U.S. financial system, prohibiting correspondent banking relationships.
FinCEN20 November 2025
Singapore Police arrest Tan Yew Kiat (49) on money laundering charges linked to the Prince Holding Group network. Assets including vehicles are subject to prohibition of disposal orders.
Singapore Police Force11 December 2025
Singapore Police arrest Nigel Tang Wan Bao Nabil (32) on money laundering charges linked to Prince Holding Group upon his return from Cambodia.
Singapore Police Force2026
Tudou Guarantee begins returning merchant deposits. Bitrace records approximately $3.7 million in USDT refunds on this date, marking the start of the coordinated wind-down.
Cryptonomist / Bitrace5 January 2026
Tudou Guarantee USDT refund outflows peak at approximately $18.1 million in a single day, according to Bitrace on-chain data.
MEXC News / Bitrace6 January 2026
Chen Zhi, chairman of Prince Group, is arrested by Cambodian authorities and extradited to China. Cambodian citizenship was revoked prior to arrest.
CNN7 January 2026
Elliptic's real-time blockchain monitoring records a sudden drop in activity across Tudou Guarantee's administrative wallets, consistent with operational cessation.
Elliptic12 January 2026
Singapore Police arrest Yeo Sin Huat Alan (53) on money laundering charges linked to Prince Holding Group upon his return from Cambodia.
Singapore Police Force16 January 2026
Total USDT refunded to Tudou Guarantee merchants exceeds $130 million, per Bitrace analysis. Closure announcement confirmed through Telegram channel screenshots.
Cryptonomist / BitraceApril 2026
Li Xiong, alleged chairman of Huione Group and key operational figure linked to Tudou Guarantee's parent network, is extradited from Cambodia to China.
BeInCrypto / OCCRPDecision Log
- slot 457448808 · hash 4iB1UDNuCsHQvDUom87Fkd3a9WZLmLh7tT4pDYdNykoD
- slot 425404993 · hash 4PvvRCnY6ok9pj93yRMBT92hcSXacFgvjbSexamF5yeD
- slot 425404990 · hash 2KmiYnhmLEVEeEKNk8Urrwkhqj7iqbVKFrp3GBumw3vq
- slot 425010371 · hash 8Eu2xBRVcP2dN4x1vvPNwoAKRyCa41rX4UP89F9RQ1yu
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 24 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 6/8/2026, 1:21:58 AM
last updated: 6/8/2026, 1:21:58 AM
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