According to PANews, Telegram has closed thousands of channels associated with the crypto crime market known as 'Xinbi Guarantee.' This platform, operational since 2022, has reportedly processed over $8.4 billion in suspicious transactions using Tether USDT. These activities include money laundering, fraud, and extortion. Xinbi Guarantee is registered in Colorado, USA, and is considered one of the largest crypto black market platforms on Telegram, alongside the Huione Group, which has been identified by the U.S. Treasury Department as a major money laundering concern.

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