Security News > 2025 > May > Xinbi Telegram Market Tied to $8.4B in Crypto Crime, Romance Scams, North Korea Laundering
2025-05-14 15:27
A Chinese-language, Telegram-based marketplace called Xinbi Guarantee has facilitated no less than $8.4 billion in transactions since 2022, making it the second major black market to be exposed after HuiOne Guarantee. According to a report published by blockchain analytics firm Elliptic, merchants on the marketplace have been found to peddle technology, personal data, and money laundering
News URL
https://thehackernews.com/2025/05/xinbi-telegram-market-tied-to-84b-in.html
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