Xinbi Telegram Market Tied to $8.4B in Crypto Crime, Romance Scams, North Korea 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

This article has been indexed from The Hacker News

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