Online gambling platforms continue operating despite Huionepay and TudouGuarantee shutdowns, as hundreds of millions in USDT flow through crypto wallets and exchanges.
Online gambling networks tied to Huionepay and TudouGuarantee remain active despite confirmed platform shutdowns. However, transaction data indicates sustained financial activity between related crypto channels. Meanwhile, investigators say there has been steady revenue growth within these gambling ecosystems.
Gambling Platforms Keep Operating Following Key Shutdowns
Huionepay and TudouGuarantee have recently shut down under pressure from regulators and warnings of risk. Nevertheless, gambling establishments relying on their services are all in full swing in different areas. These entities generated 414 million USDT in the past 53 days, according to Bitrace. Therefore, actions to shut down have not led to a decrease in gambling related cash flows.
Huionepay and TudouGuarantee have already shut down, but the online gambling entities that relied on their services are still fully operating.
Over the past 53 days, these related entities have collectively received a total of 414 million USDT in revenue.
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Moreover, intelligence sources suggest guarantee platforms continue to serve an important operation role. After they become members of guarantee platforms, gambling websites integrate third party crypto payment telegram mini app.
This integration allows efficient deposits, settlements and withdrawals for gamblers all over the world. As a result, the platform closures did not affect the accessibility of payments.
Additionally, Bitrace says Huione Telegram Wallet, Wangbo Wallet and HWZF are major settlement tools. These wallets support online gambling that is connected to Huione, Haowang, and Tudou Guarantee ecosystems.
Investigators further point out that Wangbo Wallet and Huionepay have the same SaaS backend. As a result, gambling funds are apparently pooled and aggregated across platforms.
Further, consolidated wallet information proves repeat inflows despite public shutdown notices. Over the same 53 day period, linked entities again had 414 million USDT as total revenue. Therefore, the continued operation of gambling-linked crypto infrastructure is strong.
Millions Keep Flowing Into Major Exchanges Despite Warnings
Despite the repeated warnings, large amounts keep flowing directly into centralized crypto exchanges. Payment platforms have encouraged users not to make direct transfers in order to avoid setting off risk controls. However, compliance seems to be limited to gambling-related wallets.
According to Bitrace data, during the last 53 days, 9 million USDT entered major exchanges. These funds went directly into such platforms as OKX, Binance, and HTX. Moreover, investigators suspect that there may still be other indirect flows that are undetected. As a result, actual exposure levels may be much higher.
Meanwhile, these direct transfers undermine existing risk mitigation systems. Exchanges use transaction monitoring to identify suspicious behavior. However, pooled wallets and shared backends make it more difficult to attribute and enforce.
Additionally, the large-scale use of payment mini apps implemented through the telegram chat increases opacity of operations. These tools are convenient but they make it less transparent to regulators and exchanges. As a result, illicit fund settlement is quicker and more difficult to track.
Overall, the ongoing flow of gambling money illustrates open compliance gaps. Despite shutdown announcements, operational networks are resilient and adaptive. Therefore, the regulators may be pressured to focus on infrastructure rather than individual platforms.