The US sanctions Chinese-language marketplace Xinbi Guarantee and two affiliated organisations, as part of a crackdown on transnational cybercrime. The US Department of Justice also seizes Xinbi-related Telegram channels and cryptocurrency wallets. Authorities report freezing more than US$52 million connected to potentially laundered funds in a short period after the action.
Xinbi Guarantee is described by outlets as operating as a marketplace with large user numbers, including more than 650,000 users reported by one source. The reporting also says investigators pursue additional wallets linked to the alleged laundering network, including 47 further wallets identified in the same probe. One outlet frames the case as a direct US-facing threat rather than a distant overseas crime, while another focuses more narrowly on the specific legal steps—sanctions and asset seizures—alongside the breadth of wallet tracking.
Across the coverage, the central points are that the US action targets the marketplace’s operations and its alleged cryptocurrency infrastructure, and that officials say funds are being frozen while investigators continue identifying and restraining related digital assets.
