TRM Labs has reported that wallets linked to Xinbi moved about $17.9 billion on-chain.
The entire consists of all incoming and outgoing transfers, in addition to actions inside Xinbi’s personal system, in line with the corporate’s report.
TRM famous that this quantity doesn’t present precise revenue or verified prison earnings. It might embrace repeated transfers, which regularly seem on guarantee-style platforms.
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Xinbi is a Chinese language-language crypto assure market. In line with TRM, latest enforcement efforts have modified how these providers function, however haven’t eliminated them.
The report mentioned Xinbi continued to perform even after Telegram eliminated many Chinese language-language assure teams in 2025.
TRM defined that Xinbi saved its person base by shifting to different messaging platforms. The group additionally launched a linked pockets service referred to as XinbiPay.
On-chain knowledge confirmed an increase in XinbiPay exercise in early 2026, which matched the interval when customers moved to the brand new setup.
The report additionally linked Xinbi to laundering actions. TRM mentioned the service has allegedly supported the motion of funds tied to rip-off networks and cybercrime teams, together with pig-butchering schemes.
Not too long ago, CrossCurve confirmed that its cross-chain bridge was focused by a cyberattack, which resulted in about $3 million in losses. How did it occur? Learn the complete story.
