Xinbi's Rise After the Telegram Ban
A recent investigation by TRM Labs has revealed that crypto escrow service provider Xinbi successfully processed up to $17.9 billion in on-chain transactions after Telegram faced access restrictions. This figure highlights the platform's adaptability in response to significant challenges.
User Migration and the Launch of XinbiPay
The report highlights that Xinbi's growth was driven by users quickly transitioning to other instant messaging platforms and the introduction of its linked wallet, XinbiPay. This innovative move helped the platform maintain an active user base while attracting new users.
Wallet Activity Rebound
On-chain data shows that as users gradually adapted to new payment methods, activity levels for Xinbi wallets saw a notable recovery in January 2026. This trend indicates that Xinbi's solutions have gained widespread acceptance among users.
- Xinbi swiftly responded to Telegram restrictions
- Linked wallet XinbiPay fueled transaction growth
- Wallet activity significantly revived in January 2026