DOJ Restrains $52 Million in Crypto Tied to Chinese Scam Marketplace Xinbi
US authorities have restrained roughly $52 million in scam-linked crypto in a single day and seized the Telegram channels of Xinbi Guarantee, a Chinese-language illicit marketplace. Elliptic says its multi-year tracking of Xinbi’s wallets enabled the Secret Service to act. Treasury sanctions landed the same day. Inside the $24 Billion Xinbi Guarantee Economy Xinbi is The post DOJ Restrains $52 Million in Crypto Tied to Chinese Scam Marketplace Xinbi appeared first on BeInCrypto.
Key Takeaways
- US authorities have restrained roughly $52 million in scam-linked crypto in a single day and seized the Telegram channels of Xinbi Guarantee, a Chinese-language illicit marketplace.
- Elliptic says its multi-year tracking of Xinbi’s wallets enabled the Secret Service to act.
- Treasury sanctions landed the same day.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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