CRYPTO CRIME | U.S Sanctions a $20 Billion Chinese-Language Online Market with Assistance from Tether
The U.S. Treasury sanctioned Xinbi Guarantee, a Chinese-language online marketplace that authorities say became a major financial hub for cyber scams, fraud, and money laundering after processing more than $24 billion in cryptocurrency and fiat since 2022. The Justice Department separately seized Xinbi’s Telegram infrastructure and restrained more than $52 million in cryptocurrency linked to the marketplace and its network of vendors. Two wallets seized by investigators held about $12 million while authorities sought to freeze another 47 wallets. […]
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- 2026-09-14 18:04 UTC
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- 2026-09-14 18:05 UTC
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- CRYPTO CRIME | U.S Sanctions a $20 Billion Chinese-Language Online Market with Assistance from Tether
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BitKE reported the item at 2026-09-14T10:00:36.000Z.
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