Xinbi's Crypto Guarantee Service Sees $17.9B Volume Post Telegram Ban

TRM Labs reports that Xinbi's onchain volume reached $17.9 billion following the Telegram prohibition, though this includes internal transfers.

According to a recent analysis by TRM Labs, the cryptocurrency guarantee platform Xinbi has experienced an astonishing onchain volume of $17.9 billion after the ban imposed on Telegram. It's important to note that this figure represents gross transaction volume, which encompasses internal transfers rather than confirmed illicit activities.