Wire · regulatory
DOJ targets Xinbi Guarantee network, restrains over $52M in crypto
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Fusion42 · 10 September 2026 · Fusion42 review
The US Department of Justice restrained over $52 million in cryptocurrency linked to the Chinese-language Xinbi Guarantee marketplace and its vendor network, including seizing wallets and Telegram channels. The US Treasury sanctioned Xinbi and technology firms SafeW Technology and Anwen Technology for supporting illicit scam operations involving money laundering and fraud in Southeast Asia.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
Your crypto business faces a tougher path as US authorities actively seize wallets and sanction providers entwined with money laundering networks. This crackdown opens customer acquisition gaps for compliant operators as illicit channels lose infrastructure and trust.
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2 sources · 10 Sep 2026
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