Xinbi Guarantee is a Telegram-based black market marketplace facilitating over $8.4 billion in transactions since 2022, primarily using USDT stablecoin. The platform offers illicit services including technology tools, personal data, money laundering, and even criminal activities beyond cybercrime.
Affected: Xinbi Guarantee, HuiOne Guarantee, blockchain and cryptocurrency systems, users engaging in illegal transactions.
Affected: Xinbi Guarantee, HuiOne Guarantee, blockchain and cryptocurrency systems, users engaging in illegal transactions.
Keypoints
- Xinbi Guarantee has processed over $8.4 billion in transactions on Telegram since 2022.
- The marketplace primarily uses USDT stablecoin and is linked to funds stolen by North Korea.
- It offers a wide range of illicit services, including money laundering, fake IDs, and targeted harassment.
- Xinbi and HuiOne Guarantee have been used to launder stolen cryptocurrency assets and facilitate cybercrime.
- Telegram has taken action by shutting down thousands of channels associated with these marketplaces, disrupting billions in transactions.
Read More: https://thehackernews.com/2025/05/xinbi-telegram-market-tied-to-84b-in.html