In recent years, with the increasing frequency of online gambling, underground trading, and scam crimes, some seemingly "legitimate" intermediary platforms have quietly become part of the capital transfer and credit endorsement process. "Haowang Guarantee" is a typical example. This institution, packaged as a "guarantee transaction platform," is actually in the midst of a hidden and complex gray financial network, playing an indispensable role.
1. "Guarantee" Shell, Actually a Capital Intermediary
On the surface, "Haowang Guarantee" promotes "third-party guarantee transactions," meaning that when buyers and sellers reach a transaction, the platform holds the funds until both parties confirm the transaction is correct before releasing the funds. This model seems similar to the intermediary protection systems of Alipay and WeChat, but in practice, it operates in a legal gray area.
The platform's clients are mostly involved in online gambling, proxy recharging, money laundering through running points, and telecom fraud transactions. They conduct so-called "safe transactions" through "Haowang Guarantee" to avoid traditional banking systems and third-party payment supervision.
Funds are transferred from the seller's account to the platform's intermediary account, and then the "guarantor" transfers it to the buyer's designated account as instructed. The flow of funds is segmented, making it difficult to trace.
2. "Guarantor" System Conceals Money Laundering Paths
In "Haowang Guarantee," guarantors play a key role. They often work as "part-time collectors," also known as "intermediary accounts" or "running point handlers," by registering multiple personal or company accounts to help clients receive or transfer money, charging a fee of 0.3%—1%. These individuals are often located in multiple countries, especially the Philippines, Cambodia, Malaysia, the Myanmar border, and Thailand.
Moreover, some guarantors also have "black coin pools," meaning the platform can temporarily "freeze" user funds, thereby achieving money laundering and fund concealment. In cases of fraud, online gambling, and "pig butchering" scams, the bank accounts to which victims make payments are often controlled by these guarantors.
3. Cryptocurrency Payments Conceal Real Money Flows
To further circumvent regulation, "Haowang Guarantee" also frequently engages in cryptocurrency transactions. Some platforms cooperate with USDT over-the-counter merchants to complete the two-way exchange between RMB and USDT through OTC methods. For example, scam funds are first transferred from domestic bank cards to guarantee accounts, then exchanged for USDT in Southeast Asia and transferred into the "boss's wallet," completing the money laundering process.
These platforms also provide so-called "guarantee systems" that offer transaction record screenshots, encrypted chat records, and other false "compliance" evidence to conceal their real purposes.
4. Behind-the-Scenes Operators and Violent Control Mechanisms
According to industry insiders, "Haowang Guarantee" platforms are often operated by "big shots" with backgrounds in telecom fraud and gambling industries, with a multi-layer management system including customer service, risk control, lenders, collectors, IT technicians, etc. If a guarantor engages in "swallowing money" or "running away," the backend uses black market lending companies, violent debt collection teams, or "chain tracking" methods to forcibly recover the funds.
This quasi-organized "guarantee system" not only supports the operation of underground finance but also serves as an important financial bridge for Southeast Asian fraud crime gangs.
5. Conclusion: Hidden Risks Under the Disguise
"Haowang Guarantee" platforms may seem like ordinary third-party intermediaries, but their highly customized operational logic, secretive account allocation methods, and integration with cryptocurrency systems make them "safe houses" for telecom fraud and online gambling industries.
In the face of increasingly "professional" and "technological" money laundering methods, regulatory and judicial institutions need to accelerate technological tracking and cross-border cooperation to prevent these so-called "guarantee platforms" from becoming safe havens for criminals to evade accountability.
