“Xinbi Processes $17.9 Billion in Crypto Transactions Post-Telegram Ban, TRM Labs Reports” — what this page in the network covers. Blockchain analytics firm TRM Labs has revealed that crypto guarantee service Xinbi processed $17.9 billion in gross on-chain volume after being banned from Telegram. This substantial figure includes all on-chain activity, such as internal transfers, and does not represent confirmed illicit proceeds. The data highlights Xinbi's significant operational capacity and user base, even after facing platform restrictions.
The ban from Telegram, which cited concerns over illicit activities and unregistered securities, appears to have had a limited impact on Xinbi's overall transaction volume, suggesting users have found alternative access methods. This resilience raises questions about the effectiveness of platform-level bans in curbing the activities of certain crypto services and draws renewed attention from financial regulators concerned with transparency and the fight against illicit finance. This listing links straight to the original page, where the content is available in full.