#xinbi — Public Fediverse posts

there's an old fashioned run on the bank currently underway at one of #Tether's biggest customers: Cambodia's infamous #Huione / #HuionePay / #HuioneWallet / #Xinbi.

According to TRM Labs Huione-linked wallets have received almost $100 billion #USDT since 2021. That’s roughly four nimitz class nuclear powered aircraft carriers worth of Tether’s USDT token.

https://kiripost.com/stories/scores-of-houione-wallet-users-rush-to-cash-out-money-as-the-us-moves-to-cut-the-group-off-its-financial-system

#PrinceGroup #moneylaundering #Tether #crypto #cryptocurrency #stablecoin #Cambodia #myanmar #Vietnam

there's an old fashioned run on the bank currently underway at one of #Tether's biggest customers: Cambodia's infamous #Huione / #HuionePay / #HuioneWallet / #Xinbi.

According to TRM Labs Huione-linked wallets have received almost $100 billion #USDT since 2021. That’s roughly four nimitz class nuclear powered aircraft carriers worth of Tether’s USDT token.

https://kiripost.com/stories/scores-of-houione-wallet-users-rush-to-cash-out-money-as-the-us-moves-to-cut-the-group-off-its-financial-system

#PrinceGroup #moneylaundering #Tether #crypto #cryptocurrency #stablecoin #Cambodia #myanmar #Vietnam

the hydra grew two new heads for every head heracles chopped off

* No paywall: https://archive.ph/3OeK1
* Wired: https://www.wired.com/story/telegram-purged-chinese-crypto-scam-markets-then-let-them-rebuild/

#crypto #xinbi #paveldurov #telegram #china #prc #moneylaundering #cryptocurrency #huione #TudouGuarantee

An $8.4 Billion #Chinese Hub for #Crypto #Crime Is Incorporated in #Colorado

Before a #crackdown by #Telegram , #XinbiGuarantee grew into one of the internet’s biggest markets for Chinese-speaking crypto #scammers and money laundering. And all registered to a US address.
#xinbi #security #china #scam

https://www.wired.com/story/xinbi-guarantee-crypto-scam-hub/

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