U.S. DOJ Strike Force seized the Xinbi Guarantee scam marketplace and restrained $52M in cryptocurrency, with total restraints reaching $938M since inception.
Regulation & Gov ·
The Justice Department's Scam Center Strike Force restrained approximately $52 million in cryptocurrency from Xinbi Guarantee, a Chinese-language marketplace that operated on Telegram and facilitated criminal activity by connecting vendors with scam operators. The seizure brings the Strike Force's total restraints since its November 2025 founding to roughly $938 million. Xinbi held vendor payments in escrow, enabling prosecutors to trace stolen victim funds to specific wallet addresses, while the Treasury Department designated the platform a transnational criminal organization. A concurrent Strike Force operation in Madagascar contributed to the dismantling of 13 Chinese-run scam compounds during the same period.