The UK designated Xinbi Guarantee as an enabler of cryptocurrency scams and human trafficking weeks ago. The operation continues operating openly on Telegram.
Xinbi Guarantee, a platform facilitating crypto fraud schemes worth $21 billion, remains active on Telegram despite recent UK sanctions. British authorities designated the operation as an enabler of scammers and human trafficking, yet the marketplace persists in plain view on the messaging platform.
The designation underscores persistent gaps in content moderation across messaging apps used for illicit financial activity. Telegram has faced repeated criticism for hosting black markets and criminal networks, though the platform maintains policies against such activity.
Xinbi Guarantee allegedly connects scammers with victims through organized networks, with proceeds linked to human trafficking operations. The continued presence highlights challenges law enforcement faces in shutting down decentralized criminal infrastructure on platforms designed for privacy.
It remains unclear whether Telegram has received formal requests to remove the operation or what steps, if any, the platform plans to take.
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