Cybercriminals Abuse Chinese-Language Guarantee Marketplaces to Trade Stolen Credentials

A network of Chinese-language online marketplaces operating on Telegram has quietly become one of the most powerful financial engines behind global cybercrime. These platforms, known as “guarantee” or dānbǎo (担保) marketplaces, use an escrow-based trust model to help criminals buy and sell stolen credentials, fraud kits, and illicit services. The scale is staggering, and the reach now […]

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