Colorado Has a Massive Home-Grown Crypto Crime Problem

Quick Summary:

As the report explains, Xinbi's business was mostly conducted through the freewheeling messaging site Telegram, where criminal operatives and enterprisers based mostly in Southeast Asia sold illicit services and orchestrated movements of stolen cash and data.

Xinbi Guarantee A Chinese crypto service called Xinbi Guarantee was a huge online marketplace for laundering money related to theft, for-hire harassment, hacking rings, sex trafficking, and more.

Xinbi was exposed today in a new report by Elliptic, a crypto-tracking group.

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Article Details

Author / Journalist: Maggie Harrison Dupré

Category: Technology

Markets: United StatesNorth KoreaOman

Topics: Crypto Crime Blocknik Black market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 13:36:27 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 28713211

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