Full Breakdown
U.S. Sanctions Target Chinese-Language Scam Marketplace Xinbi Guarantee
9/10/2026, 4:57:41 AM
Sanctions and Immediate Enforcement Actions
The U.S. Department of Justice, together with the Treasury Department’s inter-agency Scam Centre Strike Force, announced sanctions against Xinbi Guarantee, a Chinese-language marketplace operating on Telegram, and two affiliated firms—Singapore-based SafeW Technology Co and Cambodia-based Anwen Technology Co. The action also included the seizure of Telegram channels and cryptocurrency wallets linked to the platform. In a single day, authorities froze more than US $52 million in cryptocurrency suspected of being laundered through Xinbi’s services.
Platform Background and Scope of Illicit Activity
Xinbi Guarantee, which hosts over 650,000 users, is described as a central node that enables transnational criminal syndicates to buy and sell illicit services aimed at American victims. The platform markets fake investment sites and money-laundering services, primarily via encrypted messaging. U.S. officials also reported the shutdown of 13 scam centers in Madagascar run by Chinese groups, resulting in the arrest of approximately 500 individuals and the repatriation of 30 leaders to China. To date, the U.S. government has restrained nearly US $938 million tied to similar scams.
Official Statements & Responses
Jeanine Pirro, the U.S. The Justice Department framed the sanctions as part of a broader crackdown on transnational cybercrime.
Why It Matters: Impact on Cybercrime Enforcement
The coordinated sanctions illustrate an expanding U.S. strategy to disrupt overseas platforms that facilitate fraud against Americans. By targeting the digital infrastructure—Telegram channels and cryptocurrency wallets—authorities aim to dismantle the financial lifelines of such networks, potentially deterring future scams and signaling heightened scrutiny of cross-border illicit finance.
Verbatim Quotes
- “This is not a distant overseas crime story,” — Jeanine Pirro, the US attorney for the District of Columbia, at a press conference
