On January 16, Tudou Guarantee announced that it would cease operations and disband all public groups effective immediately. Regarding this Tudou Guarantee shutdown event, the Beosin team conducted a statistical analysis of transaction data from related addresses using the blockchain tracking and analysis tool Beosin Trace, and shares the results as follows:
Tudou Guarantee: One of the Largest Escrow Platforms
In various illegal/suspicious transaction scenarios, the two parties involved often require an "escrow" middleman role to facilitate and complete the transaction. The core function of an escrow platform is to act as an intermediary guarantor throughout the entire transaction process, providing a trust guarantee for both parties.
As an emerging type of matching platform, escrow platforms have seen rapid growth in both user base and capital volume in recent years. According to statistics from Beosin, in 2025, the number of users placing deposits on mainstream escrow platforms exceeded 330,000, the number of deposit transactions exceeded 1.26 million, and the total deposit transaction volume exceeded 8.7 billion USDT.
Tudou Guarantee was a platform providing black and gray market escrow services via Telegram. After Huione Guarantee was shut down by Telegram in May 2025, it became the primary successor to Huione Guarantee. Huione Guarantee transferred its business to Tudou Guarantee through means such as acquiring shares and redirecting customers. The deposit transaction volumes for the two platforms in 2025 are shown in the figure below:
As can be seen from the figure, after Huione Guarantee was banned in May 2025, Tudou Guarantee's transaction volume began to rise significantly, before seeing a sharp decline in December. On January 16, 2026, Tudou Guarantee officially announced it was ceasing operations.
Significant Business Contraction Since December Last Year
By analyzing Tudou Guarantee's deposit addresses and refund addresses using Beosin Trace, we can observe that starting from December 2025, the number of transactions on its deposit addresses decreased sharply, with almost no activity after January 10, 2026.
On January 11, 2026, Tudou Guarantee's refund addresses experienced a peak in the number of fund outflows, coinciding with the period when Tudou Guarantee was preparing to cease operations and refund users.
Currently, some merchants formerly with Tudou Guarantee, after receiving refunds, have directly moved to Xinbi Guarantee to place deposits and continue their operations. The on-chain activity data for its deposit addresses is shown below. From January 8 to 16, the number of daily USDT inflow transactions to Xinbi Guarantee's deposit addresses remained at 2700-2800/day, indicating a surge in business volume:
Conclusion
In 2025, the United States increased sanctions against cybercrime in Southeast Asia. In May, the US announced sanctions against the Philippines-based Funnull Technology Inc. and its principals involved in virtual asset pig-butchering scams; in October, sanctions were imposed on Cambodia's Prince Group and 146 related individuals, freezing and seizing 127,271 Bitcoin (valued at approximately $15 billion at the time), and formally cutting off the Huione Group's access to the US financial system; in November, sanctions were imposed on organizations in Myanmar involved in online fraud. This series of sanctions forced various criminal organizations in Southeast Asia to either cease operations or make adjustments and relocate. Among them, Huione Pay announced a suspension of operations, and now Tudou Guarantee has announced it is shutting down.
