U.S.-Registered Xinbi Guarantee Linked to $8.4 Billion in Illegal Activity

Monicah W

Crypto Scam Losses Soar 66% in 2024, Says FBI Report

The post U.S.-Registered Xinbi Guarantee Linked to $8.4 Billion in Illegal Activity appeared first on Coinpedia Fintech News

A company registered in Colorado, USA, has been secretly running one of the world’s biggest illegal crypto networks. Called Xinbi Guarantee, this company has helped criminals move $8.4 billion worth of crypto since 2022, right under the nose of U.S. authorities.

From money laundering and scams to sex trafficking and fake ID sales, Xinbi’s dark business shows how dangerous and fast-growing the crypto crime world has become.

Xinbi Guarantee’s Criminal Empire Built on Telegram

Xinbi Guarantee mainly works through Telegram, where it runs a major black-market service. Though it claims to serve Chinese-speaking clients, but it proudly claims to be registered in Colorado, showing its U.S. legal status on its website.

According to a report by blockchain firm Elliptic, Xinbi uses Tether (USDT) for most transactions. In just the last three months of 2024, more than $1 billion flowed through the platform.

Xinbi also helped North Korean hackers launder stolen money from the $235 million hack of the Indian crypto exchange WazirX. Just days after the attack, its wallets received around $220,000 in USDT.

From Fake IDs to Human Trafficking

The number of Xinbi users has doubled in just a few months, jumping from 119,000 in August 2024 to 233,000 now. But it’s not just the numbers that are concerning—it’s the nature of what the platform offers.

This isn’t just about stolen crypto. Vendors are also selling fake IDs, stolen personal data, and fraudulent documents. Even worse, the platform reportedly facilitates sex trafficking, harassment-for-hire, and access to egg donors and surrogates, blurring the line between digital crime and human exploitation.

U.S. Registration, But No Real Oversight

Despite all this, Xinbi Guarantee was officially registered in Aurora, Colorado, in 2022. However, the firm’s status turned “Criminal” in early 2025 for failing to file required reports. 

This raises serious questions about how such platforms exploit U.S. corporate systems to operate globally without scrutiny.

Telegram Takes Quick Action

After Elliptic’s report, Telegram shut down many Xinbi-related channels, including some linked to another illegal platform, Huione Guarantee. This is a good step, but experts say much more needs to be done.

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Expert Explains Why SHIB is Too Strong to Fail: Will Shiba Inu Price 3x?

While the Shiba Inu price has crashed by 65% from its November highs, one crypto analyst believes it is too resilient to fail and that it is much better than other meme coins like Dogecoin and Pepe. As such, if her reasons are correct, the SHIB price will likely bounce back in the long term. 

Shiba Inu Price Could Soar as Analyst Makes Her Bullish Case

A crypto analyst has suggested that Shiba Inu is too strong to fail. That is likely a reference to the “too big to fail” phrase that refers to the biggest banks in the United States. 

In an X post, an anonymous analyst going by the name ShibaBaby Shib, explained that Shiba Inu had transitioned from being a meme coin into a full-fledged ecosystem with real utility. 

She pointed to Shibarium, its layer-2 network that aims to compete with other players like Base and Arbitrum. Additionally, she pointed to other utility tokens in the ecosystem like BONE, LEASH, and TREAT. Each of these token has a clear utility in the crypto industry, with BONE being used to handle payments in Shibarium. She said:

“SHIB isn’t just hype—it’s a movement with infrastructure, vision, and unstoppable community strength.”

Shibarium has become a rapidly growing layer-2 network, handling over 1.05 billion transactions. It has also added over 197 million addresses over time. Its growth will contribute to Shiba Inu’s performance by increasing its burning mechanism.

In addition, unlike other inflationary meme coins, Shiba Inu continues to burn billions of tokens weekly. Burning reduces the number of coins in circulation, boosting the value of the remaining tokens.

SHIB Price Technical Analysis

The daily chart reveals that the Shiba Inu price has formed a few bullish chart patterns that point to 3x in the longer term. It formed a big falling wedge between November last year and March. A strong bullish breakout often follows this pattern, especially if it is a big one. 

SHIB price has also formed a triple-bottom pattern at $0.00001080. This pattern is made up of three low swings and a neckline, which, in this case, stands at $0.000033, its highest level in 2024.

Most recently, it has formed a smaller double-bottom with a neckline at $0.00001567. 

Therefore, while it is too early to predict, it is likely that the coin will bounce back, and possibly hit the neckline at $0.00003335. This SHIB price forecast is about 300% above today’s level.

Shiba Inu Price
Shiba Inu Price

The alternative scenario is dire for the coin. A drop below the triple-bottom point at $0.00001080 will be a sign that bears have won and push the coin much lower over time.

The post Expert Explains Why SHIB is Too Strong to Fail: Will Shiba Inu Price 3x? appeared first on CoinGape.

3 SUI Ecosystem Tokens To Watch in the Forth Week of April 2025

The saying “A rising tide lifts all boats” perfectly captures the current state of the crypto market, as Bitcoin’s rise has propelled altcoins higher. Among the beneficiaries are the crypto tokens within the SUI network.

BeInCrypto has analyzed three such SUI ecosystem tokens to watch this week and their potential for further gains.

Walrus (WAL)

WAL has experienced a notable 22% increase over the last 24 hours, now trading at $0.504. This surge is a result of heightened market volatility throughout the month.

WAL is attempting to break through the $0.505 barrier for the second time this month. If successful, it could continue its bullish momentum.

If WAL manages to break and sustain above $0.505, it could push toward the $0.547 resistance level. However, for a continued rise, investor confidence and stable market conditions will be crucial. A sustained rise beyond $0.547 could propel the SUI ecosystem token toward $0.600, further supporting bullish sentiment for the token.

WAL Price Analysis.
WAL Price Analysis. Source: TradingView

However, if WAL fails to breach $0.505, it may fall back to $0.447. This would challenge the altcoin’s recent momentum and could potentially invalidate the bullish outlook. If the decline continues and the price slips below $0.447, WAL could drop further to $0.389, marking a significant setback.

DeepBook (DEEP)

DEEP has seen impressive growth, skyrocketing by 116% over the last 24 hours, now trading at $0.194. This surge makes DEEP the best-performing token in the SUI ecosystem. The altcoin is showing strong potential, targeting a break above $0.230 in the near future, suggesting a bullish outlook.

If DEEP successfully breaches $0.230, it would mark a two-and-a-half-month high, further solidifying its upward momentum. The altcoin could test $0.170 as support before pushing toward $0.304. This would indicate a sustained rally, with continued bullish sentiment and the potential to unlock further growth within the SUI ecosystem.

DEEP Price Analysis
DEEP Price Analysis. Source: TradingView

However, if market sentiment shifts and investors decide to take profits, DEEP could lose its support at $0.170. A drop below this level would open the door for a decline to $0.128. This would invalidate the current bullish thesis, potentially signaling the end of the rally and a substantial setback for the token.

Cetus Protocol (CETUS)

CETUS price surged by 38% over the past 24 hours, reaching a two-and-a-half-month high of $0.142. This substantial rise indicates strong momentum for the altcoin. At this point, CETUS aims to hold above $0.142, establishing it as a reliable support level for potential further gains.

The next major resistance level for CETUS is $0.150, a crucial barrier for the altcoin’s continued upward trajectory. Successfully breaking this resistance will solidify the SUI ecosystem token’s bullish outlook and help the token secure its recent gains. Positive market sentiment and sustained demand will play key roles in this potential breakout.

CETUS Price Analysis.
CETUS Price Analysis. Source: TradingView

However, if CETUS fails to maintain the $0.142 support level, the altcoin could face a decline toward $0.131. Further losses may push the price down to $0.120, invalidating the current bullish scenario.

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