OFAC Sanctions Chinese Scam Platform Xinbi Guarantee
US Treasury's OFAC sanctioned Chinese scam-platform Xinbi Guarantee, which processed $24bn+, and froze $52.8m in linked cryptoassets.
OFAC sanctioned Xinbi Guarantee, a Chinese-language marketplace connecting Southeast Asian scam centers and transnational crime syndicates to merchants offering financial services, technology and crypto exchange. Treasury estimates over $24bn processed since 2022, while TRM Labs estimates over $36bn, with daily inflows nearly doubling between May and December 2025. Two supporting entities were also sanctioned: SafeW Technology (Singapore) and Anwen Technology (Cambodia, maker of XinbiPay). The US Secret Service and Elliptic froze $52.8m in linked cryptoassets, and the marketplace now appears offline with its Telegram channels deleted.
- OFAC sanctioned Xinbi Guarantee, following a UK sanctions action in March
- Treasury estimates $24bn+ processed since 2022; TRM Labs says $36bn+
- SafeW Technology and Anwen Technology (XinbiPay) sanctioned as enablers
- $52.8m in cryptoassets frozen by the Secret Service and Elliptic
- Marketplace appears offline after Telegram deleted its main channels
- Products
- XinbiPay
- Victims
- Xinbi Guarantee
From the original article
2 min read at infosecurity-magazine.com
The US Treasury has placed sanctions on notorious Chinese cybercrime marketplace Xinbi Guarantee
By Phil Muncaster · infosecurity-magazine.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.