US DOJ seizes $52 million in crypto linked to Chinese-operated scam marketplace

The US Department of Justice's Fraud Enforcement Task Force announced the seizure of Xinbi Guarantee, a Telegram-based marketplace operated by Chinese entities that provided services for scam centers, including custom websites, money laundering, and human trafficking recruitment. Authorities seized the platform's Telegram channel and crypto wallets containing approximately $12 million, while freezing an additional 47 associated wallets, bringing the total single-day seizure to over $52 million.