US authorities sanction Xinbi Guarantee and seize $52 million in assets

The U.S. Treasury’s OFAC and the DOJ have taken coordinated action against Xinbi Guarantee, a platform accused of facilitating money laundering and scam operations. Authorities sanctioned the platform along with support firms SafeW Technology and Anwen Technology, while seizing over $52 million in crypto assets and platform infrastructure, including Telegram channels and digital wallets.