GLOBEALERT
CYBERELEVATED1h ago · Sep 9, 2026, 9:48 PM

US sanctions Chinese-language Xinbi Guarantee marketplace over cyber scams

South China Morning Post · global

The Trump administration sanctioned Chinese-language marketplace Xinbi Guarantee on Wednesday, along with two affiliated organisations, as part of a wider crackdown on transnational cybercrime. The US Department of Justice also announced it had seized Telegram channels and cryptocurrency wallets tied to the platform, which has over 650,000 users, freezing more than US$52 million in potentially laundered funds in just one day. “This is not a distant overseas crime story,” said Jeanine Pirro, the...

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