On September 9, 2026, the U.S. Department of Justice’s Scam Center Strike Force (SCSF) announced enforcement actions against Xinbi Guarantee, a Chinese-language illicit marketplace operating on Telegram. According to the Justice Department, the platform connected scam-center operators with vendors offering services such as creating fraudulent investment websites, laundering proceeds from telecommunications fraud, and recruiting trafficking victims to work in Southeast Asian scam compounds. Xinbi Guarantee also provided an escrow service to facilitate transactions between scammers and service providers.
A federal court authorized the seizure of the Telegram channels on September 7. In a coordinated operation, U.S. authorities froze approximately $52 million in cryptocurrency linked to money laundering and scam activity, bringing the SCSF’s cumulative cryptocurrency seizures to about $938 million.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) also sanctioned Xinbi Guarantee and identified multiple cryptocurrency wallets associated with the platform. OFAC additionally sanctioned two entities accused of supporting Xinbi’s operations. Treasury said Xinbi had processed more than $24 billion in digital assets and fiat currency since around 2022, underscoring the financial infrastructure supporting large-scale scam operations.
Source: Epoch Times, September 10, 2026
https://www.epochtimes.com/gb/26/9/9/n14845849.htm