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Update · 10:15 am AEST · 11 September 2026

US disrupts Telegram-based cyber scam marketplace Xinbi Guarantee

US disrupts Telegram-based cyber scam marketplace Xinbi Guarantee
Photograph: The Record

The United States government targeted the Chinese-language Telegram-based platform Xinbi Guarantee with sanctions and seized $52.8 million from connected wallets on Wednesday, according to the Justice Department.

Created in 2022, the platform processed at least $24 billion in transactions and served as an escrow service for vendors offering money laundering services, stolen personal data and deepfake technology, The Record reports.

US disrupts Xinbi Guarantee marketplace fueling the cyber scam economy The U.S. government also carried out a seizure of $52.8 million from 52 wallets connected to the platform. therecord.media
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