U.S. Sanctions Xinbi Guarantee Cyber Scam Marketplace

On September 9, 2026, the U.S. Department of the Treasury sanctioned the Xinbi Guarantee, a Chinese-language platform facilitating cyber scams targeting Americans. The operation involved the seizure of $52.8 million in cryptocurrency and the dismantling of associated Telegram channels. Xinbi Guarantee is linked to significant financial crimes, including fraud and money laundering, with an estimated $30 billion in transactions since its inception in 2022. The coordinated effort by the Treasury and the Department of Justice aims to disrupt transnational criminal organizations operating in Southeast Asia. This action is part of a broader initiative under President Trump's Executive Order 14390, aimed at combating cybercrime and protecting American citizens. The crackdown also reflects collaboration between the U.S. and U.K. in addressing these cyber threats.

Key Points: • U.S. sanctions target Xinbi Guarantee for facilitating cyber scams. • Approximately $52.8 million in cryptocurrency seized during the operation. • Xinbi Guarantee has processed around $30 billion in illicit transactions since 2022.