home.treasury.gov U.S. Sanctions Xinbi Guarantee Cyber Scam Marketplace
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- •U.S. sanctions target Xinbi Guarantee for facilitating cyber scams.
- •Over $52 million in cryptocurrency was seized in a single operation.
- •The crackdown is part of a larger effort against transnational cybercrime.
On September 9, 2026, the U.S. Department of the Treasury sanctioned the Chinese-language platform Xinbi Guarantee, linked to extensive cyber scams targeting Americans. The operation resulted in the seizure of $52.8 million in cryptocurrency and the dismantling of Telegram channels associated with the platform. Xinbi Guarantee has facilitated various scams, including romance scams and money laundering, and is reportedly used by Chinese organized crime syndicates. The actions are part of a broader initiative to combat transnational cybercrime, with the Department of Justice's Scam Center Strike Force actively involved. This crackdown follows previous sanctions against related entities and highlights the ongoing threat posed by such criminal organizations. The total restrained by the Scam Center Strike Force now exceeds $938 million.
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