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US sanctions Xinbi Guarantee, a Chinese-linked scam platform laundering $52M in crypto from Americans

Market News
09 Sep 2026
Fox Business
View Source
Bearish
US sanctions Xinbi Guarantee, a Chinese-linked scam platform laundering $52M in crypto from Americans

The US Attorney for the District of Columbia announced sanctions against Xinbi Guarantee, an online platform used by Chinese cybercriminals to facilitate scams targeting Americans, including fraudulent cryptocurrency investments. Authorities restrained $52 million in cryptocurrency linked to Xinbi and designated it a transnational criminal organization tied to North Korean hackers. Xinbi operated primarily on Telegram, selling fake investment websites and money laundering services. US officials also helped shut down 13 scam centers in Madagascar run by Chinese groups, arresting 500 people and repatriating 30 leaders to China. The US government has restrained nearly $938 million linked to such scams to date.

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Korn Ferry beats Q1 earnings and revenue estimates but stock dips on cautious Q2 outlook

Korn Ferry beats Q1 earnings and revenue estimates but stock dips on cautious Q2 outlook

Korn Ferry reported strong Q1 results with earnings per share of $1.43 and revenue of $756.5 million, both exceeding analyst expectations and marking continued growth. Despite this, the stock fell due to conservative guidance for the next quarter, wh...

Company Fundamentals
Neutral
2 hours ago
SailPoint Q2 revenue slightly misses estimates but shows strong ARR growth and EPS beat.

SailPoint Q2 revenue slightly misses estimates but shows strong ARR growth and EPS beat.

SailPoint reported Q2 2026 earnings with revenue of $308.81 million, slightly below estimates but up 17% year-over-year. Adjusted EPS of $0.09 beat analyst expectations by 12.5%, reflecting improved profitability. The company showed strong subscripti...

Company Fundamentals
Neutral
3 hours ago
The Cooper Companies forecast Q3 EPS of $1.12 and $1.10B revenue, with an analyst raising price target to $80.

The Cooper Companies forecast Q3 EPS of $1.12 and $1.10B revenue, with an analyst raising price target to $80.

The Cooper Companies is set to report its Q3 2026 earnings with analysts expecting earnings per share (EPS) of $1.12 and revenue of $1.10 billion, both showing growth from the previous year. Despite a recent 2.7% drop in stock price to $67.69, an ana...

Company Fundamentals
Bullish
3 hours ago
Intellia Therapeutics gains as FDA grants Priority Review for HAE treatment and analyst hikes price target.

Intellia Therapeutics gains as FDA grants Priority Review for HAE treatment and analyst hikes price target.

Intellia Therapeutics saw a boost after Wedbush analyst raised its price target to $13, signaling potential upside from its current $12.64 share price. The FDA granted Priority Review to Intellia's lonvo-z treatment for Hereditary Angioedema, with a ...

Analyst Insights
Bullish
4 hours ago
Marqeta partners with BVNK to offer stablecoin-backed payment cards globally.

Marqeta partners with BVNK to offer stablecoin-backed payment cards globally.

Marqeta has partnered with BVNK to enable stablecoin-backed card capabilities for both crypto and non-crypto companies. This collaboration allows Marqeta's customers to integrate stablecoins into wallets, cards, and financial products, enabling users...

Market News
Bullish
4 hours ago
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