{
  "id": 6536044,
  "title": "US sanctions Xinbi scam marketplace, restrains $52M in crypto",
  "url": "https://urgent.news/2026/09/10/us-sanctions-xinbi-scam-marketplace-restrains-52m-in-crypto",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T04:05:03.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/us-sanctions-xinbi-restrains-52m-crypto"
  },
  "original_language": "en",
  "account": "The US Justice Department has seized Xinbi's Telegram channels and two wallets as part of an investigation into 47 additional wallets connected to its laundering network. Authorities restrained over $52 million in crypto linked to Xinbi Guarantee and its vendor network. On Wednesday, the US Justice Department's Scam Center Strike Force seized two wallets containing about $12 million in crypto. The DOJ also sought restraints against the 47 additional wallets believed to be associated with money laundering across Xinbi's network. The operation, authorized by the US District Court for the District of Columbia, targeted the financial and communications infrastructure supporting Xinbi's scam centers. US Treasury Department designated Xinbi as a significant transnational criminal organization and sanctioned two firms - SafeW Technology and Anwen Technology - for allegedly providing support to the marketplace. The sanctions block Xinbi's US property and generally prohibit US persons from transacting with the designated entities.",
  "summary": "The Justice Department seized Xinbi’s Telegram channels and two wallets as investigators pursued 47 additional wallets across its alleged laundering network.",
  "key_points": [
    "US Justice Department seizes Xinbi Telegram channels and $52M in crypto",
    "Two wallets containing $12M restrained, 47 additional wallets targeted",
    "Xinbi designated as significant transnational criminal organization by US Treasury"
  ],
  "editors_take": "The US sanctions and seizure of assets mark a significant escalation in the crackdown on Xinbi's alleged scam operations, targeting both its financial and communications infrastructure.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}