US Treasury OFAC (press release sb0624) designated Xinbi Guarantee, a Chinese-language illicit marketplace supporting cyber scams, fraud, money laundering, and related crime targeting Americans, plus two supporting digital-currency entities — coordinated with DoJ Scam Center Strike Force infrastructure and wallet seizures. Xinbi acted as escrow between scam-center operators and vendors (pig-butchering sites, laundering, trafficking labour).

Treasury notes reported use by North Korean hackers and OFAC-designated entities including Jin Bei Group and Prince Group TCO affiliates. (source: Treasury OFAC)

Correction (02 Nov 2026): removed The Hacker News as a source; removed details no other source gives. (source: US Treasury)