According to monitoring by the Bitrace team, in a recent Gate customer funds-loss case, the stolen funds have been confirmed to have escaped via a third-party money-laundering public group operated through “Xinbi Guarantee.” All transactions were logged by the group’s “submission bot (Report Bot).” On Bitrace Pro, the stolen ETH has been sold at a price of about 1,800 USDT. Bitrace stated that the receiving addresses used by the money-laundering group are linked to the crypto payment tool Newpay, under “Xinbi Guarantee.” Monitoring shows that since Newpay started operating, it has cumulatively received more than 1.6 billion USDT.