other

Xinbi Guarantee

Chinese-language marketplace operated through Telegram channels that brokered criminal goods and services between vendors and buyers, acting as escrow for payments settled in stablecoins.

Known aliases

Xinbi

Relationships

No evidence-backed relationships are recorded.

Current clusters

security1 publisher

Xinbi Guarantee switched stablecoins after the US froze $52.8 million of its USDT

The Justice Department seized the marketplace's Telegram channels and two payment wallets and sent a strike force into 13 Madagascar compounds. Elliptic puts Xinbi's lifetime throughput at about $30 billion.

Publishers:thehackernews.com

Reality

Evidence62
Adoption58
Hype gap+24
Incentives72
Confidence60

security1 publisher

Xinbi Guarantee answers a $52.8m seizure by migrating to a harder-to-freeze stablecoin

Treasury sanctioned the $24 billion Chinese-language escrow marketplace on Wednesday and the Secret Service pulled $52.8 million out of 52 wallets, about 0.22 percent of what Xinbi has cleared since 2022.

Publishers:therecord.media

Reality

Evidence64
Adoption76
Hype gap+12
Incentives68
Confidence62