[TRM Labs: Crypto Collateral Service Platform Xinbi Processed $17.9 Billion in Transactions After Being Banned on Telegram] According to a report by Cointelegraph, a recent report from TRM Labs reveals that the crypto collateral service platform Xinbi processed $17.9 billion in on-chain transactions even after being banned on Telegram. The report highlights that Xinbi's rise can be attributed to users quickly migrating to other instant messaging services and the launch of the associated wallet XinbiPay. On-chain data shows that as users transitioned to the new payment method, wallet activity rebounded in January 2026.