Xinbi Guarantee Linked to $8.4 Billion Illegal Trades

Xinbi Guarantee, operated by Xinbi Co. Ltd., was linked to $8.4 billion in illegal transactions predominantly using USDT as reported by Elliptic.

The magnitude of these illegal transactions raises concerns about cryptocurrency’s vulnerability to laundering activities, despite Xinbi Co. Ltd.’s official status in Colorado.

$8.4 Billion Linked to Xinbi’s Illegal Operations

Xinbi Guarantee is alleged to have facilitated a remarkable $8.4 billion in illegal activities. Operating under Xinbi Co. Ltd., it is actively used in Southeast Asia, particularly on Telegram channels. According to Elliptic Blockchain Security Reports, “Xinbi Guarantee is ranked as the second largest illicit online marketplace ever, behind only the defunct Hydra.”

Incorporated in Colorado in 2022, Xinbi Co. Ltd.’s registration was marked delinquent in 2025. The platform showcases an “investment” facade, a facade for cybercriminal operations.

Xinbi Ranks as Second Largest Illicit Crypto Market

The U.S.-registered entity being linked to illicit funds highlights regulatory challenges. Its activities predominantly involve money laundering under the guise of financial services.

The financial world is cautious as Xinbi Guarantee ranks as the second-largest illicit crypto market globally. This implicates major cryptocurrencies, although mainly revolving around USDT transactions.

Unregulated Crypto Markets Persist Despite Shutdowns

Similar to the infamous platforms like Hydra, Xinbi Guarantee’s model shares historic parallels in scale and function, though its USDT-centric operations make it unique.

Experts indicate that the ongoing absence of formal regulation facilitates such platforms. Historically, large-scale crypto markets have faced shutdowns, yet re-emergencies often follow.