Xinbi Moves $17.9B On-Chain Despite Bans, TRM Reports

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Xinbi Moves $17.9 Billion On-Chain Despite Bans, TRM Reports

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 09, 2026

Key Takeaways

TRM says Xinbi-linked wallets moved $17.9 billion on-chain, a total that reflects volume only and not confirmed criminal profit;
Xinbi stayed active after Telegram bans and kept users by shifting to other messaging platforms and adding its XinbiPay wallet;
TRM links Xinbi to alleged laundering activity for scam groups, including schemes tied to cybercrime networks.

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Xinbi Moves $17.9 Billion On-Chain Despite Bans, TRM Reports

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TRM Labs has reported that wallets linked to Xinbi moved about $17.9 billion on-chain.

The total includes all incoming and outgoing transfers, as well as movements within Xinbi’s own system, according to the company's report.

TRM noted that this number does not show actual profit or verified criminal earnings. It may include repeated transfers, which often appear on guarantee-style platforms.

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Xinbi is a Chinese-language crypto guarantee marketplace. According to TRM, recent enforcement efforts have changed how these services operate, but have not removed them.

The report said Xinbi continued to function even after Telegram removed many Chinese-language guarantee groups in 2025.

TRM explained that Xinbi kept its user base by shifting to other messaging platforms. The group also launched a linked wallet service called XinbiPay.

On-chain data showed a rise in XinbiPay activity in early 2026, which matched the period when users moved to the new setup.

The report also linked Xinbi to laundering activities. TRM said the service has allegedly supported the movement of funds tied to scam networks and cybercrime groups, including pig-butchering schemes.

Recently, CrossCurve confirmed that its cross-chain bridge was targeted by a cyberattack, which resulted in about $3 million in losses. How did it happen? Read the full story.