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.
  • Xinbi Guarantee is a Chinese-language, Telegram-based marketplace serving fraudsters in South East Asia, including those responsible for so-called “pig butchering” scams.
  • Merchants on the marketplace sell technology, personal data and money laundering services. The USDT stablecoin is the primary payment method, with the market having received $8.4 billion in transactions to date. Some transactions can be linked to funds stolen by North Korea.
  • Xinbi Guarantee claims to operate through Xinbi Co. Ltd, incorporated in Colorado.