Blockchain News

Urgent: Telegram Shuts Down Channels Tied to $35B Crypto Crime Networks

Imagine a hidden world facilitating billions in illicit transactions, deeply embedded within platforms many use daily. That world just got a jolt. Following a critical report from blockchain analytics firm Elliptic, Telegram has taken significant action against channels linked to massive crypto crime networks. This crackdown highlights the ongoing battle against the misuse of cryptocurrencies […]

Blockchain News

Shocking Elliptic Report Exposes Xinbi’s $8.4 Billion Crypto Laundering Operation

Imagine a single online entity facilitating billions of dollars in illicit financial activity. That’s the alarming picture painted by a recent Elliptic report concerning the online marketplace known as Xinbi Guarantee. According to the blockchain security firm Elliptic, Xinbi has been implicated in a staggering $8.4 billion worth of crypto laundering, primarily utilizing the stablecoin […]