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 ...

Blockchain research firm Elliptic told Reuters that the Chinese-language markets Xinbi Guarantee and Huione Guarantee together were far more lucrative than Silk Road, an illegal drug marketplace that ...

Following a WIRED inquiry, Telegram banned thousands of accounts used for crypto-scam money laundering, including those of ...

According to new research released today by crypto-tracing firm Elliptic, a company called Xinbi Guarantee has since 2022 facilitated no less than $8.4 billion in transactions via its Telegram ...

According to new research released today by crypto-tracing firm Elliptic, a company called Xinbi Guarantee has since 2022 facilitated no less than $8.4 billion in transactions via its Telegram-based ...

Telegram has shut down the illicit marketplace Haowang Guarantee, formerly Huione Guarantee, which has facilitated transactions totaling over $27 billion in stablecoins since 2021. Haowang was ...

Blockchain analytics firm Elliptic has exposed Xinbi Guarantee, a Colorado-registered company operating a Telegram-based black market that has facilitated $8.4 billion in illicit cryptocurrency ...

The closure follows a report published by the blockchain analytics firm on Tuesday into the fast-growing Telegram-based marketplace called Xinbi Guarantee. The Colorado-incorporated marketplace ...

Two sprawling digital black markets operating on the communications platform Telegram have been removed, the service said on Thursday.

It was to be severed from the US banking system. However, another Telegram-based illicit marketplace called Xinbi Guarantee has been identified by Elliptic, which discovered thousands of crypto ...

Simultaneously, Telegram targeted Xinbi Guarantee after the release of Elliptic's report. Haowang and Xinbi processed over $35 billion in USDT before their closures. Despite the crackdown ...