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US DOJ restrains $52M in crypto linked to Xinbi Guarantee scam network in a major crackdown.

Market News
11 Sep 2026
Crypto news
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US DOJ restrains $52M in crypto linked to Xinbi Guarantee scam network in a major crackdown.

The US Department of Justice restrained over $52 million in cryptocurrency linked to the Xinbi Guarantee scam network, targeting wallets and channels involved in fraud and money laundering. Two wallets associated with Xinbi received about $12 million in payments, and authorities sought to restrain 47 more wallets tied to suspected illicit activity. Xinbi operated as a hub connecting various scam groups, fake investment platforms, and human trafficking recruiters. This enforcement, aided by Tether's cooperation, highlights ongoing efforts to disrupt crypto-based criminal networks and recover illicit funds.

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