Chainalysis published on October 14 a diagram detailing the financial flows running through Xinbi Guarantee, a platform that processed over $24 billion since 2022. This marketplace, selling stolen personal data, deepfake software, and money laundering services, served both Southeast Asian scam complexes and North Korea-linked actors, including funds from the Bybit hack ($1.5 billion). Washington sanctioned Xinbi on September 9, enabling the freezing of over $52 million in crypto with Tether’s cooperation. According to the Global Anti-Scam Alliance, online scams cost residents of 42 countries $442 billion in 2025.
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