US sanctions Xinbi scam marketplace, restrains $52M in crypto
The Justice Department seized Xinbi’s Telegram channels and two wallets as investigators pursued 47 additional wallets across its alleged laundering network. [Update, Sept. 10, 2026, 05:00 UTC: Added comments from TRM Labs Global Head of Policy Ari Redbord.] United States authorities restrained more than $52 million in crypto linked to Xinbi Guarantee and its vendor…