U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto
DoJ seizes Telegram channels and cryptocurrency wallets, deploys strike force to dismantle scam compounds in Madagascar

Key Takeaways
- The U.S. DoJ disrupted the Xinbi Guarantee scam marketplace, seizing Telegram channels and cryptocurrency wallets.
- Approximately $52.8 million in cryptocurrency assets were frozen as part of the operation.
- The Scam Center Strike Force was deployed to Madagascar to dismantle 13 scam compounds run by Chinese organized crime.
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