US Treasury/DoJ: Xinbi Guarantee scam marketplace seized; $52.8M crypto frozen
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. THN (9 September 2026) reports ~$52.8M in cryptocurrency frozen across 52 wallets and ~$12M held in two seized payment wallets; Telegram channels hosting the market dismantled. 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. Primary: Treasury OFAC; wire: THN (DoJ PR was 401 from this pass).
- Exploited in Australia?
- unknown
Primary: US Treasury OFAC — Xinbi Guarantee (Sep 2026) · The Hacker News (9 Sep 2026); DoJ Scam Center Strike Force