U.S. Treasury announces sanctions on online marketplace Xinbi Guarantee

The U.S. Treasury Department sanctioned Xinbi Guarantee, an online marketplace used by Chinese cybercriminals for scams, fraud, and money laundering targeting Americans; associated entities in Cambodia and Singapore were also sanctioned. The actions block U.S. property tied to these entities and come as part of wider efforts to disrupt transnational cybercrime networks.

This Wire brief sits within Fusion42's coverage of Security: Cybersecurity.