💸 The Telegram marketplace where money laundering was just another vendor service
Xinbi Guarantee wasn't a hacker group — it was a marketplace. Since 2022, vendors sold money-laundering, turnkey scam sites, and fraud-compound recruitment through its Telegram channels. Total volume: $24 billion.
On Wednesday the DOJ seized the channels and wallets, restrained 47 more addresses — $52M+ total. Treasury designated Xinbi a transnational criminal organisation and sanctioned two tech suppliers. Clients reportedly included North Korean hackers and Prince Group affiliates.
The target wasn't individual scammers — it was the infrastructure behind them, per CoinTelegraph.
Xinbi Guarantee wasn't a hacker group — it was a marketplace. Since 2022, vendors sold money-laundering, turnkey scam sites, and fraud-compound recruitment through its Telegram channels. Total volume: $24 billion.
On Wednesday the DOJ seized the channels and wallets, restrained 47 more addresses — $52M+ total. Treasury designated Xinbi a transnational criminal organisation and sanctioned two tech suppliers. Clients reportedly included North Korean hackers and Prince Group affiliates.
The target wasn't individual scammers — it was the infrastructure behind them, per CoinTelegraph.