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Justice Sanctions Xinbi Guarantee, Freezes $52M Crypto

9/10/2026

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Summary

Story summary

U.S. Attorney Jeanine Pirro announced sanctions on Xinbi Guarantee, a Chinese platform, Wednesday.
The Department of Justice seized Telegram channels and froze over $52 million in cryptocurrency linked to Xinbi.
Xinbi Guarantee, with over 650,000 users, sold fake investment sites on Telegram.
The Scam Centre Strike Force and Treasury restrained nearly $938 million, arrested 500 people and repatriated 30 leaders to China.

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Story summary

U.S. Attorney Jeanine Pirro announced sanctions on Xinbi Guarantee, a Chinese platform, Wednesday.
The Department of Justice seized Telegram channels and froze over $52 million in cryptocurrency linked to Xinbi.
Xinbi Guarantee, with over 650,000 users, sold fake investment sites on Telegram.
The Scam Centre Strike Force and Treasury restrained nearly $938 million, arrested 500 people and repatriated 30 leaders to China.