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Elliptic: Colorado-based company Xinbi is suspected of $8 billion in illegal cryptocurrency trading

ChainCatcher news, according to Cointelegraph, blockchain security company Elliptic disclosed that a company registered in Colorado in 2022, Xinbi Co. Ltd, is associated with an illegal online marketplace called "Xinbi Guarantee."This marketplace is based on the Telegram platform and is a Chinese illegal market primarily serving Southeast Asian scammers, having received $8.4 billion in funds to date, mainly in the form of USDT transactions. Merchants on the market provide scammers with technology, personal data, and money laundering services, assisting them in carrying out "pig butchering" scams. Xinbi Guarantee claims to be an "investment and capital guarantee group company," but its status was updated to "delinquent" in January 2025 for failing to submit periodic reports on time. The black market's money laundering service has the largest transaction share and also offers Starlink devices, stolen personal data, and fake IDs.Elliptic states that Xinbi Guarantee is the second-largest illegal online marketplace, with transaction volumes exceeding $1 billion in the fourth quarter of 2024, and is linked to North Korean hacker money laundering. The $8.4 billion transaction volume may only be the tip of the iceberg of actual trading volume. The platform has 233,000 users and operates under a "guarantee model," yet remains a hotbed for illegal activities. Records from the Colorado state government show that Xinbi Co. Ltd was listed as "in violation" in January 2025 for failing to submit its annual report on time.

MEET48 completed its token round financing, led by Liang Xinjun, Hash Global, and Hashkey Capital

ChainCatcher news, focusing on the entertainment sector's AI-Agent and AIUGC creators and fan economy ecosystem MEET48 has announced the completion of its token round financing, with a fully diluted valuation (FDV) of $100 million. Co-founder of Fosun Group, Liang Xinjun, along with Hash Global and HashKey Capital, led the investment, with participation from Animoca Brands, Infinity Labs, Promontory, Oak Grove, and several Web3 individuals. The new funds will be used to support the development of its team and the creation of related AI products. The MEET48 ecosystem community will provide users with a one-click customization feature for virtual idol AI Idol-Agent, enabling various functions such as chatting, live streaming, and virtual performances, while efficiently generating AI images, texts, songs, and dance content using AIGC technology in the virtual music and dance vertical. Additionally, the community will offer an AI-exclusive creation tool, AIShowBOX, supporting 3D character customization, intelligent choreography, and other in-depth creations, assisting users in automated operations and global dissemination of Idol-Agent.The MEET48 community's supporting MEME cultivation and launch platform, MarsProtocol, will be launched on the BNB Chain, providing a tokenized trading platform for Meme creators and serving as a source of AI creators for the entire ecosystem community. Furthermore, the AI-AGENT social foundation of the MEET48 ecosystem, the AI-AGENT large-scale music and dance simulation game, and the AI-AGENT large-scale casual game will also be launched successively, all utilizing the same governance token for community incentives.
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