U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto
The U.S. Department of Justice (DoJ) on Wednesday announced coordinated actions aimed at an illicit online marketplace called Xinbi Guarantee that offered scam services, including seizing Telegram channels used to run the service, confiscating two cryptocurrency wallets, and deploying the Scam Center Strike Force to Madagascar to help disrupt 13 scam compounds run by Chinese organized crime
What happened
The U.S. Department of Justice (DoJ) on Wednesday announced coordinated actions aimed at an illicit online marketplace called Xinbi Guarantee that offered scam services, including seizing Telegram channels used to run the service, confiscating two cryptocurrency wallets, and deploying the Scam Center Strike Force to Madagascar to help disrupt 13 scam compounds run by Chinese organized crime
Why it matters
The proceeding may create legal precedent, financial exposure or operating constraints for Regulation.
Affected entities
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1 reports · 1 original report · 1 independent
- The Hacker NewsPrimary source · Supports · EN · 100%U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto ↗
Claims
- U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
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