Xinbi Guarantee Facilitates $8.4 Billion in Illegal Crypto Transactions Since 2022

Xinbi Guarantee, a company registered in Colorado, USA, has been operating one of the world’s largest illegal crypto networks, facilitating the movement of $8.4 billion in cryptocurrency since 2022. This operation has gone largely unnoticed by U.S. authorities, highlighting the growing threat of crypto-related crimes.

The Xinbi marketplace, primarily operating through Telegram, has been a hub for various illegal activities, including money laundering, scams, and human trafficking. The platform, which claims to serve Chinese-speaking clients, has been using its U.S. legal status to conduct its illicit operations. According to a report by a blockchain firm, Xinbi uses Tether (USDT) for most of its transactions, with over $1 billion flowing through the platform in the last three months of 2024.

Xinbi’s criminal activities extend beyond financial crimes. The platform has also facilitated the sale of fake IDs, stolen personal data, and fraudulent documents. More disturbingly, it has been linked to sex trafficking, harassment-for-hire, and access to egg donors and surrogates, blurring the line between digital crime and human exploitation. The number of Xinbi users has doubled in just a few months, from 119,000 in August 2024 to 233,000, indicating the platform’s rapid growth and reach.

Despite its illegal activities, Xinbi Guarantee was officially registered in Aurora, Colorado, in 2022. However, the firm’s status was changed to “Criminal” in early 2025 for failing to file required reports. This raises serious questions about how such platforms exploit U.S. corporate systems to operate globally without scrutiny. The lack of oversight and regulation has allowed Xinbi to conduct its illicit operations with impunity, highlighting the need for stronger global action against crypto-related crimes.

In response to the report, Telegram shut down many Xinbi-related channels, including some linked to another illegal platform. While this is a positive step, experts urge for stronger global action to combat the growing threat of crypto-related crimes. The case of Xinbi Guarantee serves as a stark reminder of the dangers posed by unregulated crypto networks and the need for increased vigilance and regulation in the crypto industry.