PANews May 14 news, according to CoinDesk citing an Elliptic report, Telegram has shut down thousands of channels related to the crypto crime market 'Xinbi Guarantee'. This market, named 'Xinbi Guarantee', has processed over $8.4 billion in suspicious transactions through Tether USDT since 2022, involving activities such as money laundering, fraud, and extortion. Xinbi Guarantee is registered in Colorado, USA. The platform is ranked alongside the Huione Group, which is also designated by the US Treasury as a 'primary money laundering concern', as the largest Telegram crypto black market platform.
