U.S. Sanctions Xinbi Guarantee Over $24B Crypto Scam Network
Tokenpost · Published Sep 9, 2026, 12:39 PM EDT
Article Summary
The U.S. Department of the Treasury has imposed sanctions on Xinbi Guarantee, a Chinese-language online marketplace accused of supporting cryptocurrency scams, money laundering and other illicit financial activities linked to cybercriminal networks. The Treasurys Office of Foreign Assets Control (OFAC) said Xinbi helped Southeast Asian scam centers obtain supplies and access financial services needed to operate criminal schemes.
This article appears to be broader market context rather than a single-asset story.
What Happened
The U.S. Department of the Treasury has imposed sanctions on Xinbi Guarantee, a Chinese-language online marketplace accused of supporting cryptocurrency scams, money laundering and other illicit financial activities linked to cybercriminal networks. The Treasurys Office of Foreign Assets Control (OFAC) said Xinbi helped Southeast Asian scam centers obtain supplies and access financial services needed to operate criminal schemes.
Why It Matters
It may matter as broader market context rather than a single-asset catalyst. CoqiLabs groups this article under Institutional to help readers understand the related market theme.
Market Context
Published by Tokenpost. Category: Institutional. Published Sep 9, 2026, 12:39 PM EDT.
This article appears to be broader market context rather than a single-asset story.
Sentiment Read
Market tone for this article appears negative. This article is shown for market context only and is not financial advice.
Original Publisher
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