Executive Summary

The U.S. Department of Justice announced a coordinated operation that shut down the Xinbi Guarantee scam marketplace. Authorities seized the Telegram channels that ran the service, confiscated two cryptocurrency wallets, and deployed the Scam Center Strike Force to Madagascar to dismantle 13 scam compounds operated by Chinese organized crime. The action froze $52.8 million in crypto assets.

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Intelligence Metadata - Source Publisher: The Hacker News - Published Date: 2026-09-09T18:26:05+00:00 - Category: threat-intel

Original Description: The U.S. Department of Justice (DoJ) on Wednesday announced coordinated actions aimed at an illicit online marketplace called Xinbi Guarantee that offered scam services, including seizing Telegram channels used to run the service, confiscating two cryptocurrency wallets, and deploying the Scam Center Strike Force to Madagascar to help disrupt 13 scam compounds run by Chinese organized crime

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