Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address. www.wired.com/story/xinbi-...
An $8.4 Billion Chinese Hub for Crypto Crime Is Incorporated in Colorado
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address.
www.wired.com
May 13, 2025 at 2:02 PM
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address. www.wired.com/story/xinbi-...
Coming up on 3 weeks since Telegram-based black market Xinbi Guarantee, which has done $21 *billion* in transactions, was sanctioned by the UK gov for enabling crypto scamming and human trafficking. Yet Telegram, which could ban Xinbi at any time, is still hosting it. www.wired.com/story/telegr...
Telegram Is Still Hosting a Sanctioned $21 Billion Crypto Scammer Black Market
The UK designated Xinbi Guarantee as an enabler of crypto scammers and human trafficking weeks ago. Telegram is still hosting it in plain sight.
www.wired.com
April 14, 2026 at 7:05 PM
Coming up on 3 weeks since Telegram-based black market Xinbi Guarantee, which has done $21 *billion* in transactions, was sanctioned by the UK gov for enabling crypto scamming and human trafficking. Yet Telegram, which could ban Xinbi at any time, is still hosting it. www.wired.com/story/telegr...
Crypto-tracing firm Elliptic found Telegram-based Xinbi Guarantee, a market for Chinese crypto scammers and money launderers, had done $8.4 billion in sales—all while registered in the US.
After WIRED asked Telegram about it, Telegram banned thousands of accounts. www.wired.com/story/xinbi-...
After WIRED asked Telegram about it, Telegram banned thousands of accounts. www.wired.com/story/xinbi-...
An $8.4 Billion Chinese Hub for Crypto Crime Is Incorporated in Colorado
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address.
www.wired.com
May 13, 2025 at 2:05 PM
Crypto-tracing firm Elliptic found Telegram-based Xinbi Guarantee, a market for Chinese crypto scammers and money launderers, had done $8.4 billion in sales—all while registered in the US.
After WIRED asked Telegram about it, Telegram banned thousands of accounts. www.wired.com/story/xinbi-...
After WIRED asked Telegram about it, Telegram banned thousands of accounts. www.wired.com/story/xinbi-...
The UK designated Xinbi Guarantee as an enabler of crypto scammers and human trafficking weeks ago. Telegram is still hosting it in plain sight.
Telegram Is Still Hosting a Sanctioned $21 Billion Crypto Scammer Black Market
The UK designated Xinbi Guarantee as an enabler of crypto scammers and human trafficking weeks ago. Telegram is still hosting it in plain sight.
wrd.cm
April 14, 2026 at 7:01 PM
The UK designated Xinbi Guarantee as an enabler of crypto scammers and human trafficking weeks ago. Telegram is still hosting it in plain sight.
NEW: UK officials today sanctioned a Chinese-language $20 billion scam marketplace.
For years, Xinbi Guarantee has sold stolen personal data, money laundering services, and the infrastructure needed to run online scams. The sanctions are the latest move combatting organized scamming from Cambodia
For years, Xinbi Guarantee has sold stolen personal data, money laundering services, and the infrastructure needed to run online scams. The sanctions are the latest move combatting organized scamming from Cambodia
A $20 Billion Crypto Scam Market Faces a New Government Crackdown
The Telegram-based Xinbi Guarantee black market sells services that help prop up scam operations. British officials just hit the highly lucrative marketplace with sweeping sanctions.
www.wired.com
March 26, 2026 at 5:00 PM
NEW: UK officials today sanctioned a Chinese-language $20 billion scam marketplace.
For years, Xinbi Guarantee has sold stolen personal data, money laundering services, and the infrastructure needed to run online scams. The sanctions are the latest move combatting organized scamming from Cambodia
For years, Xinbi Guarantee has sold stolen personal data, money laundering services, and the infrastructure needed to run online scams. The sanctions are the latest move combatting organized scamming from Cambodia
The Telegram-based Xinbi Guarantee black market sells services that help prop up scam operations. British officials just hit the highly lucrative marketplace with sweeping sanctions. www.wired.com/story/20-bil...
A $20 Billion Crypto Scam Market Faces a New Government Crackdown
The Telegram-based Xinbi Guarantee black market sells services that help prop up scam operations. British officials just hit the highly lucrative marketplace with sweeping sanctions.
www.wired.com
March 26, 2026 at 3:20 PM
The Telegram-based Xinbi Guarantee black market sells services that help prop up scam operations. British officials just hit the highly lucrative marketplace with sweeping sanctions. www.wired.com/story/20-bil...
NEW: Telegram has failed to boot the black market Xinbi Guarantee despite the UK sanctioning it and designating it an enabler of crypto scammers and human trafficking 2 weeks ago. It's racked up $500M more in sales during that time. @agreenberg.bsky.social w/ the scoop: www.wired.com/story/telegr...
Telegram Is Still Hosting a Sanctioned $21 Billion Crypto Scammer Black Market
The UK designated Xinbi Guarantee as an enabler of crypto scammers and human trafficking weeks ago. Telegram is still hosting it in plain sight.
www.wired.com
April 14, 2026 at 6:59 PM
NEW: Telegram has failed to boot the black market Xinbi Guarantee despite the UK sanctioning it and designating it an enabler of crypto scammers and human trafficking 2 weeks ago. It's racked up $500M more in sales during that time. @agreenberg.bsky.social w/ the scoop: www.wired.com/story/telegr...
This is a huge crackdown on Chinese crypto crime markets. After our inquiry, Telegram banned not only Xinbi but also Huione Guarantee, a MUCH bigger market Elliptic exposed (and WIRED has reported on since) last year—the biggest digital black market ever by some measures.
May 13, 2025 at 2:13 PM
This is a huge crackdown on Chinese crypto crime markets. After our inquiry, Telegram banned not only Xinbi but also Huione Guarantee, a MUCH bigger market Elliptic exposed (and WIRED has reported on since) last year—the biggest digital black market ever by some measures.
NEW: An $8.4 billion illicit marketplace that's operated on Telegram offered money launder, and services like having feces thrown at your enemies. After WIRED inquired, Telegram began a major crackdown on marketplaces like this one. @agreenberg.bsky.social w/ the scoop: www.wired.com/story/xinbi-...
An $8.4 Billion Chinese Hub for Crypto Crime Is Incorporated in Colorado
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address.
www.wired.com
May 13, 2025 at 2:07 PM
NEW: An $8.4 billion illicit marketplace that's operated on Telegram offered money launder, and services like having feces thrown at your enemies. After WIRED inquired, Telegram began a major crackdown on marketplaces like this one. @agreenberg.bsky.social w/ the scoop: www.wired.com/story/xinbi-...
Telegram looked the other way as Xinbi Guarantee, a $24 *billion* market for crypto scammers hosted on the messaging platform, grew into one of the biggest online black markets in history.
Now DOJ has finally sanctioned Xinbi and seized its Telegram channels. www.justice.gov/usao-dc/pr/s...
Now DOJ has finally sanctioned Xinbi and seized its Telegram channels. www.justice.gov/usao-dc/pr/s...
Coming up on 3 weeks since Telegram-based black market Xinbi Guarantee, which has done $21 *billion* in transactions, was sanctioned by the UK gov for enabling crypto scamming and human trafficking. Yet Telegram, which could ban Xinbi at any time, is still hosting it. www.wired.com/story/telegr...
Telegram Is Still Hosting a Sanctioned $21 Billion Crypto Scammer Black Market
The UK designated Xinbi Guarantee as an enabler of crypto scammers and human trafficking weeks ago. Telegram is still hosting it in plain sight.
www.wired.com
September 9, 2026 at 4:41 PM
Telegram looked the other way as Xinbi Guarantee, a $24 *billion* market for crypto scammers hosted on the messaging platform, grew into one of the biggest online black markets in history.
Now DOJ has finally sanctioned Xinbi and seized its Telegram channels. www.justice.gov/usao-dc/pr/s...
Now DOJ has finally sanctioned Xinbi and seized its Telegram channels. www.justice.gov/usao-dc/pr/s...
NEW: The hard-to-kill black market Xinbi Guarantee, which experts estimate has processed nearly $20B in illicit sales, faces new sanctions in the UK, part of an ongoing international effort to knock it offline for good. @mattburgess1.bsky.social/@lhn.bsky.social report: www.wired.com/story/20-bil...
A $20 Billion Crypto Scam Market Faces a New Government Crackdown
The Telegram-based Xinbi Guarantee black market sells services that help prop up scam operations. British officials just hit the highly lucrative marketplace with sweeping sanctions.
www.wired.com
March 26, 2026 at 3:19 PM
NEW: The hard-to-kill black market Xinbi Guarantee, which experts estimate has processed nearly $20B in illicit sales, faces new sanctions in the UK, part of an ongoing international effort to knock it offline for good. @mattburgess1.bsky.social/@lhn.bsky.social report: www.wired.com/story/20-bil...
"Exactly why Xinbi Guarantee is legally registered in the US remains a mystery. Its incorporation record on the Colorado Secretary of State's website shows an address at an office park in the city of Aurora that has no external Xinbi branding."
Crypto-tracing firm Elliptic found Telegram-based Xinbi Guarantee, a market for Chinese crypto scammers and money launderers, had done $8.4 billion in sales—all while registered in the US.
After WIRED asked Telegram about it, Telegram banned thousands of accounts. www.wired.com/story/xinbi-...
After WIRED asked Telegram about it, Telegram banned thousands of accounts. www.wired.com/story/xinbi-...
An $8.4 Billion Chinese Hub for Crypto Crime Is Incorporated in Colorado
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address.
www.wired.com
May 14, 2025 at 7:03 PM
"Exactly why Xinbi Guarantee is legally registered in the US remains a mystery. Its incorporation record on the Colorado Secretary of State's website shows an address at an office park in the city of Aurora that has no external Xinbi branding."
Crypto tracing firm Elliptic found recent posts on Xinbi Guarantee selling products like handcuffs and tasers for human traffickers, as well as apparent teen sex trafficking. Elliptic also found Xinbi has done $500 million more in transactions in the weeks *just since the sanctions were announced.*
April 14, 2026 at 7:09 PM
Crypto tracing firm Elliptic found recent posts on Xinbi Guarantee selling products like handcuffs and tasers for human traffickers, as well as apparent teen sex trafficking. Elliptic also found Xinbi has done $500 million more in transactions in the weeks *just since the sanctions were announced.*
ZachXBT queries UPay over alleged white-labeling of Xinbi's crypto cards. Xinbi is a sanctioned criminal org. ZachXBT demands UPay CEO Owen Yang explain the relationship. No response yet from UPay. The U.S. Treasury froze $52M+ of Xinbi's crypto assets on Sep 9. #CryptoNews #Sanctions
ZachXBT Alleges UPay White-Labeled Crypto Cards for Sanctioned Entity Xinbi
On October 2, 2026, prominent on-chain investigator ZachXBT raised serious allegations against UPay, a cryptocurrency payment and card-issuing platform. The researcher claims that UPay may be facilitating white-label Vis…
cryptofox.news
October 2, 2026 at 1:12 PM
ZachXBT queries UPay over alleged white-labeling of Xinbi's crypto cards. Xinbi is a sanctioned criminal org. ZachXBT demands UPay CEO Owen Yang explain the relationship. No response yet from UPay. The U.S. Treasury froze $52M+ of Xinbi's crypto assets on Sep 9. #CryptoNews #Sanctions
The disruption of Xinbi Guarantee and Huione Guarantee is considered a big blow for online scammers, cutting them off from a dependable source for stolen data, money laundering services, and telecoms infrastructure.
Telegram bans $35B black markets used to sell stolen data, launder crypto
One market’s shutdown comes after the Treasury Department sought a related ban.
arstechnica.com
May 16, 2025 at 5:20 PM
The disruption of Xinbi Guarantee and Huione Guarantee is considered a big blow for online scammers, cutting them off from a dependable source for stolen data, money laundering services, and telecoms infrastructure.
An $8.4 Billion #Chinese Hub for #Crypto Crime Is Incorporated in #Colorado.
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and #money laundering. And all registered to a US address.
www.wired.com/story/xinbi-...
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and #money laundering. And all registered to a US address.
www.wired.com/story/xinbi-...
An $8.4 Billion Chinese Hub for Crypto Crime Is Incorporated in Colorado
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and money laundering. And all registered to a US address.
www.wired.com
May 13, 2025 at 6:17 PM
An $8.4 Billion #Chinese Hub for #Crypto Crime Is Incorporated in #Colorado.
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and #money laundering. And all registered to a US address.
www.wired.com/story/xinbi-...
Before a crackdown by Telegram, Xinbi Guarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto scammers and #money laundering. And all registered to a US address.
www.wired.com/story/xinbi-...
The United Kingdom's Foreign, Commonwealth and Development Office (FCDO) has sanctioned Xinbi, a Chinese-language cryptocurrency-based online marketplace that sells stolen data and satellite internet equipment to scam networks in Southeast Asia.
UK sanctions Xinbi marketplace linked to Asian scam centers
The United Kingdom's Foreign, Commonwealth and Development Office (FCDO) has sanctioned Xinbi, a Chinese-language cryptocurrency-based online marketplace that sells stolen data and satellite internet equipment to scam networks in Southeast Asia.
www.bleepingcomputer.com
March 26, 2026 at 3:43 PM
The United Kingdom's Foreign, Commonwealth and Development Office (FCDO) has sanctioned Xinbi, a Chinese-language cryptocurrency-based online marketplace that sells stolen data and satellite internet equipment to scam networks in Southeast Asia.
Crypto guarantee service Xinbi processed $17.9B after Telegram ban: TRM Labs
TRM Labs says the $17.9 billion figure reflects gross onchain volume, including internal transfers, not confirmed illicit proceeds.
#crypto #news
TRM Labs says the $17.9 billion figure reflects gross onchain volume, including internal transfers, not confirmed illicit proceeds.
#crypto #news
Crypto guarantee service Xinbi processed $17.9B after Telegram ban: TRM Labs
TRM Labs says the $17.9 billion figure reflects gross onchain volume, including internal transfers, not confirmed illicit proceeds.
cointelegraph.com
February 10, 2026 at 7:07 AM
--Telegram has failed to eradicate the black market known as Xinbi Guarantee,
--EU launches online verification app,
--Everyone must read the sharpest-witted tech writer,
--Companies are killing the Internet Archive,
--CISA kills this year's internship program 4/4
--EU launches online verification app,
--Everyone must read the sharpest-witted tech writer,
--Companies are killing the Internet Archive,
--CISA kills this year's internship program 4/4
April 15, 2026 at 2:01 PM
--Telegram has failed to eradicate the black market known as Xinbi Guarantee,
--EU launches online verification app,
--Everyone must read the sharpest-witted tech writer,
--Companies are killing the Internet Archive,
--CISA kills this year's internship program 4/4
--EU launches online verification app,
--Everyone must read the sharpest-witted tech writer,
--Companies are killing the Internet Archive,
--CISA kills this year's internship program 4/4
Haochen Chai, Xinbi Luo, Zining Liu, Fangfang Jiang: Artifact Annotations Partially Substitute for Per-User Calibration: SAFE-EDA and a Normalization-Controlled Evaluation of Wrist-EDA Affect... https://arxiv.org/abs/2610.01692 https://arxiv.org/pdf/2610.01692 https://arxiv.org/html/2610.01692
October 2, 2026 at 6:45 AM
Haochen Chai, Xinbi Luo, Zining Liu, Fangfang Jiang: Artifact Annotations Partially Substitute for Per-User Calibration: SAFE-EDA and a Normalization-Controlled Evaluation of Wrist-EDA Affect... https://arxiv.org/abs/2610.01692 https://arxiv.org/pdf/2610.01692 https://arxiv.org/html/2610.01692
This week has been a rush to the head for the cyber world, so check out Metacurity before you leave for the weekend to catch up on the critical developments you should know, including
--UK sanctions scam-supporting, $20B crypto marketplace Xinbi Guarantee, 1/5
www.metacurity.com/uk-sanctions...
--UK sanctions scam-supporting, $20B crypto marketplace Xinbi Guarantee, 1/5
www.metacurity.com/uk-sanctions...
UK sanctions scam-supporting, $20B crypto marketplace Xinbi Guarantee
Judge issues preliminary injunction against DoD's Anthropic ban, EU rejects extension that would allow CSAM scanning, Drone maker TechEx claims SBU wiretapped its chief engineer, Dutch court orders Mu...
www.metacurity.com
March 27, 2026 at 1:30 PM
This week has been a rush to the head for the cyber world, so check out Metacurity before you leave for the weekend to catch up on the critical developments you should know, including
--UK sanctions scam-supporting, $20B crypto marketplace Xinbi Guarantee, 1/5
www.metacurity.com/uk-sanctions...
--UK sanctions scam-supporting, $20B crypto marketplace Xinbi Guarantee, 1/5
www.metacurity.com/uk-sanctions...
ABD, Xinbi Guarantee'yi siber dolandırıcılığa destek verdiği gerekçesiyle yaptırım listesine aldı gazeteoksijen.com/dunya/abd-xi...
ABD, Xinbi Guarantee'yi siber dolandırıcılığa destek verdiği gerekçesiyle yaptırım listesine aldı
Gazete Oksijen
gazeteoksijen.com
September 9, 2026 at 4:10 PM
ABD, Xinbi Guarantee'yi siber dolandırıcılığa destek verdiği gerekçesiyle yaptırım listesine aldı gazeteoksijen.com/dunya/abd-xi...
Aside from cashing out crypto scams and North Korean thefts, Xinbi Guarantee merchants offered some truly dark services: harassment for hire (including throwing feces at someone or surrounding their home with AIDS patients) as well as what looks like sex trafficking of teens.
May 13, 2025 at 2:38 PM
Aside from cashing out crypto scams and North Korean thefts, Xinbi Guarantee merchants offered some truly dark services: harassment for hire (including throwing feces at someone or surrounding their home with AIDS patients) as well as what looks like sex trafficking of teens.