UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties
It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.
Why this matters
This maps to the Security Incidents hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on CointelegraphRelated market context
EU Crypto Sanctions Review Could Trigger Almost 5,500 Compliance Checks
Europe's authorized crypto sector could face 1,569 to 5,409 governance and counterparty reviews as the EU introduces Russia- and B...
China tightens exit rules to address tech security risks, raising fresh questions for crypto capital flows
China's new regulation could stifle tech innovation and crypto flows, impacting global markets and escalating geopolitical tension...
Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing
Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the positio...
Why a guaranteed 4.47% yield on $44 billion of US debt just raised the hurdle for Bitcoin
The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis...
Bitcoin Price Prediction: $10 Billion of BTC and ETH Option Expiry Hitting the Market Today
The largest single-day options expiry in recent months is clearing today, and the market is already pricing in the friction. Bitco...
Solana Foundation's new CISO warns AI is making crypto scams more convincing
Michael Coates, the foundation’s new CISO, said that AI vulnerabilities and fake identities will drive the next wave of blockchain...