- The US Justice Department said it froze more than $52 million in cryptocurrency linked to the Chinese-language illicit marketplace Xinbi Guarantee.
- The US Treasury Department said it designated Xinbi Guarantee a "significant transnational criminal organization" and added related companies to its sanctions list.
- The sanctions will freeze assets and property interests in the United States belonging to Xinbi Guarantee and related companies, and bar transactions with US persons.
US Freezes $52 Million in Crypto Linked to Chinese-Language Fraud Marketplace Xinbi Guarantee
US authorities have frozen more than $52 million in cryptocurrency linked to Xinbi Guarantee, a Chinese-language illicit marketplace accused of facilitating money laundering for fraud rings in Southeast Asia.
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Sep 10, 2026 at 4:57 AM UTC · 2 Min. Lesezeit
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US authorities have frozen more than $52 million in cryptocurrency linked to Xinbi Guarantee, a Chinese-language illicit marketplace accused of facilitating money laundering for fraud rings in Southeast Asia.
Cointelegraph reported on September 10 that the US Justice Department's Scam Center Strike Force carried out a joint crackdown targeting Xinbi Guarantee and a network of related companies.
The Justice Department seized two Xinbi Guarantee crypto wallets used to receive payments from vendors. The wallets held about $12 million in digital assets. Separately, authorities moved to freeze assets in 47 wallets suspected of being tied to money laundering in the Xinbi network, bringing the total value targeted to more than $52 million.
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