US sanctions Xinbi Guarantee marketplace over cyber scams
By The BriefBrief
The Trump administration sanctioned the Chinese-language Xinbi Guarantee marketplace and two affiliated organizations as part of a crackdown on transnational cybercrime. The DOJ also seized Telegram channels and cryptocurrency wallets tied to the platform, freezing more than $52 million in potentially laundered funds in one day.
WHO:Trump administration; U.S. Department of Justice
WHAT:Sanctioned the Chinese-language Xinbi Guarantee marketplace and seized related Telegram channels and cryptocurrency wallets.
WHEN:Sep 9, 2026
WHERE:USA
WHY:The action was part of a crackdown on transnational cybercrime involving the Xinbi Guarantee marketplace.
