Due to Telegrame blocking, Hao Wang Guarantee has announced that it is ceasing operations.

BlockBeats News, May 15th, Haowang Guarantee (formerly Huione Guarantee) recently announced on its official website that "all of the company's NFTs, channels, and groups have been blocked by Telegram, and Haowang Guarantee will cease operations from now on."

According to Wired, Haowang Guarantee's move is in response to Telegram's actions on Monday when Telegram banned thousands of accounts that formed the infrastructure of a large third-party vendor market, with many vendors providing money laundering and other services to the thriving East Asian cryptocurrency scam industry.

Previously, in April of this year, a United Nations report identified Huione Guarantee and other illicit cryptocurrency projects as "powerful tools" for cybercrime groups.