The U.S. Treasury has sanctioned Xinbi Guarantee over alleged criminal financial activity. The action was announced on September 9, 2026. Treasury’s Office of Foreign Assets Control designated Xinbi as a transnational criminal organisation.
Authorities described Xinbi as a Chinese-language illicit online marketplace. The platform allegedly supported cyber scams, fraud and money laundering operations.
Treasury said transactions reached as much as $24 billion since 2022. Much of that activity reportedly involved cryptocurrency. The United Kingdom had also sanctioned Xinbi in March.
U.S. Treasury sanctions Xinbi Guarantee over alleged crypto-linked cybercrime activity. [Courtesy: Investopedia]
How Xinbi Guarantee Supported Cyber Scam Networks
Xinbi allegedly operated as a service marketplace for criminal networks. Authorities said scammers could purchase specialised services through its Telegram-based platform.
These services reportedly included custom investment websites and money laundering. Xinbi also allegedly helped recruit trafficking victims for scam compounds.
The platform reportedly held payments until vendors completed their services. This structure allegedly gave scammers greater confidence when purchasing criminal services.
Authorities also traced funds from U.S. victims to vendors advertising laundering services. The investigation therefore targeted Xinbi’s wider criminal infrastructure.
Key allegations surrounding the Xinbi Guarantee network include:
- Supporting scam centres operating across Southeast Asia.
- Providing services linked to cryptocurrency money laundering.
- Helping criminal groups build customised scam websites.
- Facilitating recruitment for overseas scam compounds.
- Using Telegram to connect vendors with criminal customers.
Xinbi Guarantee Transactions Reached $24 Billion
The alleged scale of Xinbi’s operations has intensified regulatory attention. Treasury said transactions reached as much as $24 billion since 2022. Much of the activity reportedly involved cryptocurrency.
The platform allegedly supported criminal operations across multiple jurisdictions. Authorities also linked Xinbi to money laundering networks. North Korean hackers were reportedly among the platform’s users.
Xinbi was additionally linked with Prince Group. Earlier U.S. actions had targeted other criminal marketplaces, including Huione Group. The latest sanctions expand that broader enforcement campaign.
The financial investigation also identified several important crypto-related elements:
- Xinbi allegedly accepted cryptocurrency for vendor services.
- Two Xinbi wallets collectively held approximately $12 million.
- Authorities sought restraint of 47 additional cryptocurrency wallets.
- More than $52 million in cryptocurrency was restrained overall.
- The assets were linked to Xinbi and associated vendors.
Authorities restrained more than $52 million in cryptocurrency linked to Xinbi’s network. [Courtesy: TRM Labs]
Why U.S. Authorities Targeted Xinbi Guarantee
The sanctions form part of a broader U.S. campaign against scam centres. American officials say Southeast Asian operations steal billions from victims annually.
The Justice Department’s Scam Center Strike Force coordinated the Xinbi action. Authorities also seized control of Telegram channels hosting the marketplace. A U.S. district court authorised the seizure on September 7, 2026.
The Strike Force said the operation disrupted services supporting organised crime. Officials are increasingly targeting the financial infrastructure behind cyber-enabled fraud.
The enforcement action highlights several priorities for U.S. authorities:
- Disrupting overseas scam-centre infrastructure.
- Tracing cryptocurrency connected with stolen funds.
- Targeting services that support organised cybercrime.
- Restricting access to the U.S. financial system.
- Expanding international cooperation against criminal networks.
Xinbi Sanctions Extend To Supporting Technology
Treasury’s action also reached companies supporting Xinbi’s operations. Authorities designated SafeW Technology and Anwen Technology. SafeW reportedly developed an encrypted messaging application.
Xinbi allegedly moved merchant and money-laundering activity towards that platform. Anwen Technology reportedly developed the XinbiPay wallet application.
The enforcement therefore extends beyond Xinbi’s main marketplace. It targets technology and financial services allegedly supporting its operations.
The approach shows how regulators are following criminal networks across changing platforms. This could increase compliance pressure across the digital asset industry.
The wider implications for crypto businesses are significant:
- Blockchain transactions remain increasingly traceable.
- Wallet addresses can become part of enforcement actions.
- Service providers face greater compliance scrutiny.
- Criminal networks may shift between communication platforms.
- International sanctions can disrupt cross-border financial activity.
Xinbi-linked services allegedly shifted towards encrypted messaging and cryptocurrency wallets. [Courtesy: Decrypt.co]
What Happens Next For Xinbi Guarantee?
The latest action could place further pressure on Xinbi’s alleged network. The Justice Department has already expanded its Scam Center Strike Force globally.
Its latest operation also involved Madagascar and 13 Chinese-run scam compounds. Authorities processed more than 3,200 electronic devices during that operation. Nearly 400 people were arrested, according to the Justice Department.
The Strike Force said its total restrained cryptocurrency reached approximately $938 million. The Xinbi action therefore forms part of a much wider enforcement effort.
For crypto markets, the case reinforces a growing compliance trend. U.S. authorities are targeting infrastructure behind cryptocurrency-related fraud. The focus now extends beyond individual scammers and wallets.
It includes marketplaces, technology providers and financial facilitators. This could influence how exchanges and other digital asset businesses assess counterparties. The Xinbi case shows how quickly enforcement can follow emerging criminal infrastructure.
Also Read: Crypto Market Shaken: Bitcoin Falls as US Military Action Sparks Sell-Off
FAQs
Q1: What is Xinbi Guarantee?
A1: Xinbi Guarantee is an illegal Chinese-language trading site associated with a cyber-scam service. It was involved in the U.S. authorities’ allegations of fraud, money laundering, and organised crime.
Q2: How much money did Xinbi allegedly handle?
A2: Xinbi transactions have reached up to $24 billion since 2022. The majority of the activity was related to cryptocurrencies.
Q3: Why did the U.S. sanction Xinbi Guarantee?
A3: Xinbi was used for the financing of scam centres and criminal financial networks. The sanctions are meant to interfere with those networks and limit their financial connectivity.
Q4: What amount of cryptocurrency was seized?
A4: Authorities seized over $52 million worth of cryptocurrency tied to Xinbi. The two Xinbi wallets held a total of about $12 million.
Disclaimer
The information contained in this article is only intended for informational purposes only and is not financial or legal advice. The claims detailed are those of the U.S. authorities and investigative bodies. These allegations are disputed by Xinbi Guarantee and its affiliates. There are regulatory, financial and security risks associated with cryptocurrency transactions. Readers must confirm any sanctions information from official government sources prior to any decisions with respect to digital assets or related businesses.
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