A firm in Colorado has been linked to a Chinese illegal market that has served scammers in Southeast Asia and has been used to channel billions of dollars.
Blockchain Security Firm Bezavi reported on May 13, that the Market Place, called Zabi Guarantee, received $ 8.4 billion, which is primarily in Teacher (USDT) Stubanic transactions.
Chinese -language traders, telegram -based illegal market plus sales technology, personal data, and money laundering services target Southeast Asian scammers that target victims using pigs butcher scams.
On its website, Zabi describes itself as an “investment and capital guarantee group company” and claimed to have worked through Colorado’s company Jabini Company Limited, involved in 2022.
“In January 2025, the corporation was updated in ‘crime’ if the corporation failed to submit a report from time to time, according to the Bezavi report.
Key services offered in the Black Market are money laundering services, which is the largest type, as well as a star link access equipment for scammers, victims and fake IDs and fake IDs and other fake documents to target personal data.
Zabi is the second largest illegal online market to be discovered so far, in which the volume of transactions grows rapidly. Bezavi researchers said that Q4 2024 had more than $ 1 billion transactions, and the evidence platform connects North Korean hackers with laundering stolen funds.
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Bezavi identified thousands of crypto leaves that were used by the Jewish guarantee and the traders on it, and said that transactions of $ 8.4 billion should be considered as a low limit of the actual amount of transactions on the platform. “
This platform, which has 233,000 users, works on the “guarantee model”, which requires vendor reserves to avoid fraud.
Second from Hoon Guarantee
In July 2024, Bezavi exposed a similar telegram -based Chinese market known as Hoon Guarantee.
The firm found that the large Hoon group of companies had provided more than $ 98 billion in crypto transactions.
In early May, it was nominated by the US Treasury as a money laundering operation and had to separate it from the US banking system.
The epidemic concludes that these platforms also provide windows in the “China -based underground banking system” around the platform stable Queens and other digital payments, “which is being benefited for a significant scale money laundering.”
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