《Bitrace: Southeast Asia's Illegal Crypto Escrow Platforms Become the Infrastructure for Black and Grey Market Transactions》 The report points out that Southeast Asia's illegal cryptocurrency escrow platforms use USDT as the settlement medium and Telegram communities as the matchmaking space, providing deposit pledges, transaction guarantees, payment settlements, traffic generation, and arbitration services for black and grey industries such as online gambling, money laundering, fraud, and human trafficking.