The U.S. Department of Justice and Treasury took coordinated action against Xinbi Guarantee, seizing Telegram channels, freezing cryptocurrency wallets, and sanctioning entities tied to scam operations and money laundering. The crackdown also expanded the Scam Center Strike Force effort in Madagascar, dealing a major blow to a marketplace linked to pig butchering scams, Chinese organized crime, and North Korean hackers. #XinbiGuarantee #ScamCenterStrikeForce #OFAC #Elliptic #Tether #USDT #USDD #Telegram #Madagascar #JinBeiGroup #PrinceGroupTCO
Keypoints
- DoJ seized Telegram channels used by Xinbi Guarantee.
- Two cryptocurrency wallets linked to Xinbi were confiscated.
- About $52.8 million in crypto tied to Xinbi was frozen.
- The Scam Center Strike Force disrupted 13 scam compounds in Madagascar.
- Xinbi was used to support pig butchering scams, laundering, and trafficking-related fraud.
Read More: https://thehackernews.com/2026/09/us-disrupts-xinbi-guarantee-scam.html