The US Treasury sanctioned Xinbi Guarantee — a Chinese-language, Telegram-based escrow marketplace that has processed at least $24 billion since 2022, making it the second-largest illicit online marketplace in history — alongside two supporting firms (Cambodia-based Anwen Technology, developer of the XinbiPay app, and SafeW Technology). The DOJ's Scam Center Strike Force and the Secret Service seized $52.8 million across 52 wallets with Tether's cooperation. Xinbi acted as a guarantee/escrow layer for Southeast Asia's scam compounds, carrying 4,600+ crime-as-a-service vendors offering money-laundering, stolen personal data, deepfakes and other services, all settled in USDT. A federal court authorised seizure of the marketplace's Telegram channels; operators announced a move to the harder-to-seize USDD stablecoin on TRON. The DOJ also shut 13 scam centres in Madagascar and arrested dozens of leaders. The UK designated Xinbi in March 2026.
| Attribute | Detail |
|---|---|
| Date | 2026-09-09 |
| Type | Law-enforcement takedown / sanctions |
| Scale | ~$24B processed since 2022; $52.8M seized |
| Actor | Xinbi Guarantee (Chinese-run, SE Asia scam economy) |
| Source | The Record — Tier 2/4 |