⚯ Michel de Cryptadamus ⚯i feel like there must be some linguistic reason these Chinese organized crime crypto money laundering companies always use the word "guarantee" in their names.
* Elliptic report: https://www.elliptic.co/blog/xinbi-guarantee
* Wired article: https://www.wired.com/story/xinbi-guarantee-crypto-scam-hub/
Also worth noting that Jacob Silverman and James Block (Dirty Bubble Media) were reporting on some of these Colorado based crypto scam companies a year and a half ago: https://www.thenation.com/article/economy/rocky-mountain-lie/
#Xinbi #XinbiGuarantee #crypto #crime #moneylaundering #corruption #colorado #NorthKorea #DPRK #pigbutchering #scams #fraud #Elliptic #triads #Zhongteng #ZhongtengAccounting #Telegram #China #LazarusGroup
Xinbi: The $8 Billion Colorado-Incorporated Marketplace for Pig-Butchering Scammers and North Korean Hackers
Xinbi Guarantee is a Chinese-language, Telegram-based marketplace for cyber fraudsters in Southeast Asia, dealing primarily in the USDT stablecoin. With $8.4 billion in transactions since 2022, it offers tools and services for scams, including money laundering, fake IDs, and stolen data. The platform is linked to North Korean hackers and operates through a Colorado-incorporated entity.