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. 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…

Key takeaways

Quick scan — what you need to know:

• 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.
• 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. 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.

Background

What led here, in plain terms:

• 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.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• 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.
• 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. It’s estimated that Xinbi processed more than $19.9 billion in illicit