Xinbi Guarantee is a Telegram-based escrow for criminals — vendors of stolen data and money-laundering services post crypto deposits so buyers trust them. Since 2022: $24 billion processed, the second-largest illicit market ever tracked. The first, Huione Guarantee, was shut by Telegram in May 2025; Xinbi absorbed the traffic.
On September 8, the U.S. Secret Service and Elliptic froze 52 wallets — $52.8 million in
USDT. Treasury's OFAC designated Xinbi a transnational criminal organization, cartel-tier. Xinbi called it "arbitrary" and shifted $2.8M into USDD, a stablecoin with no freeze switch — which is partly backed by the very USDT they're fleeing.The DOJ's Scam Center Strike Force has seized $938M since November 2025, per Elliptic. Xinbi's balance is still on the board.
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