But those money laundering and scam services are far from the only dark product on Xinbi’s guaranteed market. Elliptic also found a list of surrogate mothers and egg donors, with one article showing faceless photos of donors’ bodies. Services provided by other accounts will be paid in Tether, place funeral wreaths on target doors, defam their homes with graffiti, make harmful statements around their homes, and someone verbally threatens them, throws feces at them, and even the weirdest around the homes around AIDS patients. One post shows that these AIDS patients will carry “case reports and needles against intimidation.”
Other lists provide sex workers for sex workers under the age of 18 and point to specific sexual behaviors that are allowed and prohibited. One of its researchers even provided the 14-year-old child by Xinbi guaranteed merchants, Elliptic said. (However, account holders noted that Xinbi guarantees transactions with people under 18. The legal age agreed to by China is 14.)
The reason why Xinbi guarantees legal registration in the United States remains a mystery. Its merger records on the Colorado Secretary of State website show the address of an office park in Aurora, which does not have an external XINBI brand. The company appears to be registering there in August 2022 with a person named “Mohd Shahrulnizam bin Abd Manap”. (Cable links the name to several people in Malaysia, but cannot determine which one might be the registrant for Xinbi’s guarantee.) Currently, the list is marked as a “crime”, which may be due to the failure to submit an updated document to renew it.
Jacob Sims, a visitor to Harvard Asia Center, said mergers in the United States are an increasingly common strategy for fledgling Chinese companies. “If you have a U.S. presence, you can also open a U.S. bank account,” Sims said. “You might hire employees in the U.S. You could theoretically establish a more formal connection with U.S. entities.” But he noted that the criminal status of registration could mean that Newbie’s guarantee has attempted to commit some kind of infringement in the U.S. in the past, but gave up.
The elliptical found that while telegraph is the main means of communication between the two markets, Stablecoin cryptocurrency tether has become its primary payment method. Despite Telegram’s new deletion of channels and accounts, Xinbi’s guarantees and Huione’s guarantees are far from the only companies created with Tether and Telegram, far from creating a new, largely Chinese Darknet: Elliptic refused to name others in the case of Midts newspt in nive of Company, although he said Elliptic tracked 30 similar markets in close to 30 similar markets.
Just as the telegram shows new signs of disturbing on the huge black market, the tether has the ability to undermine criminal uses of its services. Unlike other more explicit cryptocurrencies such as Bitcoin, Tether can freeze payments when determining bad actors. However, it is not clear that the tether has taken measures to prevent Chinese crypto scammers and others from taking action on XINBI guarantees and Huione guarantees to use their currency.
