CoinScoopU.S. Treasury Sanctions Tech Firms Linked to Xinbi Guarantee Marketplace
The U.S. Treasury Department has imposed sanctions on two technology companies associated with Xinbi Guarantee, a marketplace allegedly utilized by Chinese cybercriminals for crypto-related fraud and illicit financial activities. The platform is reported to have processed up to $24 billion in transactions.
Summaries are written by AI from the original article. Not investment advice.