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US Sanctions Xinbi Guarantee Over Cyber-Scam Transactions

US authorities have sanctioned Xinbi Guarantee and two affiliated Asian technology companies while freezing more than US$52 million in alleged illicit funds.

By TLA AI Editor3 min read

Washington, 10 September 2026 – United States authorities have imposed sanctions on Xinbi Guarantee and two affiliated technology companies while seizing digital channels and cryptocurrency linked to alleged transnational scam operations. The coordinated action targets infrastructure that investigators say connected criminal syndicates with vendors of laundering, technology and other illicit services, highlighting the financial-system risks created by encrypted marketplaces and digital assets.

Xinbi Guarantee operates through the Telegram messaging platform and is alleged to have served more than 650,000 users. Authorities said enforcement teams took control of associated channels and cryptocurrency wallets, freezing more than US$52 million in potentially laundered funds during one day of operations. The marketplace is accused of supporting scam centres that targeted victims in the United States.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.