Scam Center Strike Force Conducts Seizures of Chinese-Run Illicit Scammer Marketplace, and Restrains $52 Million in Laundered Crypto Scammer Funds In One Day
U.S. Attorney Jeanine Ferris Pirro, together with major federal law enforcement and interagency partners, announced actions taken by the Department of Justice’s Scam Center Strike Force to secure America against Southeast Asian cryptocurrency-related fraud and scams. The Strike Force and the Department of the Treasury took coordinated actions against Xinbi Guarantee (“Xinbi”), an illicit marketplace for scam...
What happened
U.S. Attorney Jeanine Ferris Pirro, together with major federal law enforcement and interagency partners, announced actions taken by the Department of Justice’s Scam Center Strike Force to secure America against Southeast Asian cryptocurrency-related fraud and scams. The Strike Force and the Department of the Treasury took coordinated actions against Xinbi Guarantee (“Xinbi”), an illicit marketplace for scam...
Why it matters
The decision may change compliance obligations, market access or operating costs for Regulation.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Scam Center Strike Force Conducts Seizures of Chinese-Run Illicit Scammer Marketplace, and Restrains $52 Million in Laundered Crypto Scammer Funds In One Day ↗
Claims
- Scam Center Strike Force Conducts Seizures of Chinese-Run Illicit Scammer Marketplace, and Restrains $52 Million in Laundered Crypto Scammer Funds In One Day Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
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