U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto

U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto Ravie LakshmananSep 09, 2026Cybercrime / Cryptocurrency The U.S. Department of Justice (DoJ) on Wednesday announced coordinated actions aimed at an illicit online marketplace called Xinbi Guarantee that offered scam services, including seizing Telegram channels used to run the service, confiscating two cryptocurrency wallets, and deploying the Scam Center Strike Force to Madagascar to help disrupt 13 scam compounds run by Chinese organized crime syndicates. "Approximately $52 million of cryptocurrency involved in scam money laundering was restrained in one day, bringing the total restrained by the Scam Center Strike Force to approximately $938 million," DoJ said. In tandem, the Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned the…