The U.S. government sanctioned Xinbi Guarantee, a Telegram-based illicit marketplace tied to billions in scam-related transactions, money laundering, and human trafficking. Authorities also seized $52.8 million in crypto and targeted related entities and infrastructure supporting the platform’s operations. #XinbiGuarantee #Tether #USDT #Telegram #Elliptic #DOJ #ScamCenterTaskForce
Keypoints
- The U.S. sanctioned Xinbi Guarantee and seized funds linked to its activity.
- Xinbi processed at least $24 billion and became a major illicit marketplace.
- The platform supported pig butchering, money laundering, and sale of stolen data.
- The DOJ’s Scam Center Task Force and Secret Service helped disrupt the operation.
- Authorities also targeted Anwen Technology and SafeW Technology for assisting Xinbi.
Read More: https://therecord.media/us-disrupts-xinbi-guarantee-marketplace-cybercrime