Ethical Hacking News
The U.S. Department of Justice has disrupted the Xinbi Guarantee scam marketplace, freezing $52.8 million in cryptocurrency and bringing the total restrained by the Scam Center Strike Force to approximately $938 million. This significant blow to the illicit online market marks a major victory in the ongoing efforts to combat cybercrime and scam services.
The U.S. Department of Justice has taken coordinated actions against the illicit online marketplace Xinbi Guarantee, disrupting its operations and seizing cryptocurrency wallets. The Scam Center Strike Force has frozen $52.8 million in cryptocurrency and $938 million total, dealing a significant blow to the illicit online market. The U.S. government has also sanctioned Chinese-language media for facilitating cyber scams and targeted Americans. The Scam Center Strike Force has expanded its efforts globally, targeting scam center compounds and illicit online marketplaces. The disruption of Xinbi Guarantee undermines the trust of merchants and criminal users in illicit online marketplaces.
The recent announcement by the U.S. Department of Justice (DoJ) regarding its coordinated actions against the illicit online marketplace called Xinbi Guarantee marks a significant turning point in the ongoing efforts to combat cybercrime and scam services. This marketplace, which was known for its involvement in various scams, including romance scams and money laundering, has been a subject of interest for law enforcement agencies worldwide. In this article, we will delve into the details of the U.S. government's actions and the impact it has on the illicit online market.
The U.S. DoJ, in collaboration with the Treasury Department's Office of Foreign Assets Control (OFAC), has taken decisive actions to disrupt the Xinbi Guarantee marketplace. As part of this initiative, the authorities seized Telegram channels used to run the service, confiscated two cryptocurrency wallets, and deployed the Scam Center Strike Force to Madagascar to help disrupt 13 scam compounds run by Chinese organized crime syndicates. The Scam Center Strike Force, which is a specialized unit within the DoJ, has been instrumental in identifying and disrupting illicit online marketplaces and scam services.
The U.S. government's actions have resulted in the freezing of $52.8 million in cryptocurrency involved in scam money laundering, bringing the total restrained by the Scam Center Strike Force to approximately $938 million. This is a significant blow to the illicit online marketplace, as it undermines the trust that merchants and criminal users have in these marketplaces. The Scam Center Strike Force has been working tirelessly to identify and disrupt illicit online marketplaces, and this latest action is a testament to its effectiveness.
The Xinbi Guarantee marketplace, which was known for its involvement in various scams, including romance scams and money laundering, has been a subject of interest for law enforcement agencies worldwide. The marketplace, which was originally launched in 2022, was designed to provide a platform for vendors and scam center operators to connect and conduct business. However, the platform was soon discovered to be involved in various scams, including romance scams and money laundering.
The U.S. government's actions have also resulted in the sanctioning of the Chinese-language media for facilitating cyber scams, fraud, money laundering, and other criminal activity targeting Americans. This is a significant development, as it highlights the global nature of cybercrime and the need for international cooperation to combat this threat.
The U.S. Secret Service, in collaboration with the Blockchain analytics firm Elliptic, was able to identify and freeze wallets holding $52.8 million in Tether's USDT stablecoin. This was a significant challenge, as the wallets were located in countries with strict regulations and law enforcement agencies. However, the authorities were able to use blockchain analytics to track the movement of the funds and freeze the wallets.
The Xinbi Guarantee marketplace has also been the subject of attention from other law enforcement agencies worldwide. The marketplace was known for its involvement in various scams, including romance scams and money laundering, and its disruption has been hailed as a significant blow to the illicit online market.
The U.S. government's actions have also resulted in the expansion of the Scam Center Strike Force to target scam center compounds globally. This is a significant development, as it highlights the global nature of cybercrime and the need for international cooperation to combat this threat. The Scam Center Strike Force has been working tirelessly to identify and disrupt illicit online marketplaces and scam services, and this latest action is a testament to its effectiveness.
In conclusion, the U.S. government's actions against the Xinbi Guarantee marketplace mark a significant turning point in the ongoing efforts to combat cybercrime and scam services. The disruption of this marketplace has resulted in the freezing of $52.8 million in cryptocurrency, bringing the total restrained by the Scam Center Strike Force to approximately $938 million. This is a significant blow to the illicit online market, as it undermines the trust that merchants and criminal users have in these marketplaces.
Related Information:
https://www.ethicalhackingnews.com/articles/US-Disrupts-Xinbi-Guarantee-Scam-Marketplace-Freezes-528-Million-in-Crypto-in-a-Significant-Blow-to-the-Illicit-Online-Market-ehn.shtml
https://thehackernews.com/2026/09/us-disrupts-xinbi-guarantee-scam.html
Published: Wed Sep 9 15:39:49 2026 by llama3.2 3B Q4_K_M
