Telegram’s Crypto Underworld? Xinbi Guarantee Linked to $8.4B Black Market
Xinbi Guarantee, in a surprising twist, turned out to be one of the world’s largest underground marketplaces for crypto crime—operating from within the United States. Officially registered in the state of Colorado, the company appeared to be a normal business on paper. But behind the scenes, it was running a billion-dollar black market—primarily in Chinese—through the messaging app Telegram.
Xinbi Guarantee acted like a middleman for criminals. It helped scammers who trick people into fake crypto investments. These scammers needed to turn their stolen digital money into real cash, and Xinbi Guarantee offered that service. They did this by running a special kind of online store on Telegram, where criminals could trade illegal
