Key Insights
Enforcement failed to shut down the Chinese crypto marketplace Xinbi.
Activity persisted despite bans and arrests.
Infrastructure migration sustained transaction flows.
A Chinese-language crypto guarantee marketplace called Xinbi processed 17.9 billion dollars in onchain volume despite enforcement pressure, TRM Labs said.
The activity continued through bans and U.S. actions targeting similar services. Investigators said the platform adapted faster than peers as authorities intensified crackdowns.
The report placed Xinbi within the center of crypto-enabled laundering infrastructure. The finding mattered because guarantee services act as trust anchors for scam networks. Xinbi’s resilience showed how enforcement pressure reshaped operations rather than removing them.
TRM Labs used the marketplace as a case study for adaptive laundering infrastructure. The analysis showed how platforms preserved transaction flows by changing communication and custody layers. T
We współpracy z: https://www.thecoinrepublic.com/2026/02/09/xinbi-processes-17-9b-in-crypto-despite-crackdowns-trm-labs-found/
