Xinbi is still operating after the crackdown, with a trading volume of $17.9 billion.

TRM Labs reports that the Chinese-language online escrow market Xinbi continues to operate despite law enforcement actions targeting the ecosystem, demonstrating significant adaptability of informal financial networks. According to the report, Xinbi's total accumulated transaction volume reaches approximately $17.9 billion, reflecting a large scale and widespread usage within the Chinese-speaking community.

While many similar platforms have been severely weakened after crackdown campaigns on Telegram, Xinbi has adjusted its strategy by shifting operations to newer communication platforms with less oversight.

Additionally, they have launched a proprietary payment solution called XinbiPay to maintain cash flow and facilitate transactions between buyers, sellers, and escrow agents. TRM Labs warns that this flexible model makes monitoring and preventing financial risks, fraud, and money laundering more challenging for regulators.