Authorities seized Xinbi’s Telegram channels and two wallets holding about $12 million, while seeking restraint on 47 additional wallets tied to Xinbi’s money‑laundering network.

The U.S. and Treasury designated Xinbi Guarantee and two supporting firms, Safew Technology and Anwen Technology, under OFAC on September 9, 2026, for providing messaging and payment services enabling Xinbi’s operations.

Separately, the Madagascar strike force mission involved interviewing arrestees and assisting local authorities as they pursue multiple investigations.

Treasury records show Xinbi Guarantee processed more than $24 billion in transactions since its creation around 2022, with alleged use by North Korean hackers and sanctioned entities.

Xinbi operated as a marketplace with escrow-style services linking buyers and vendors, expanding into encrypted messaging and a proprietary digital wallet after mid‑2025.

Overall enforcement aims to approach $1 billion in restrained crypto tied to Xinbi and similar schemes.

The Scam Center Strike Force restrained about $52 million in scam-linked crypto in one day, bringing total restrained to roughly $938 million.

Xinbi-linked vendors advertised laundering services via Telegram and used fake crypto platforms and guaranteed-payment structures to solicit deposits.

Sanctions and seizures fit a wider crackdown on Southeast Asian and Chinese-language money‑laundering networks, which Chainalysis estimated processed $16.1 billion in illicit crypto in 2025.

U.S. investigators helped target 13 Madagascar scam centers, processing over 3,200 electronic devices and opening investigations after interviewing nearly 400 arrestees.