Xinbi Telegram Market Tied to $8.4B in Crypto Crime, Romance Scams, North Korea Laundering The Hacker [email protected] (The Hacker News)

May 14, 2025

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 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 

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Tech Jacks
Derrick Jackson is a IT Security Professional with over 10 years of experience in Cybersecurity, Risk, & Compliance and over 15 Years of Experience in Enterprise Information Technology

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