US Dismantles Alleged $24B Chinese Cybercrime Ring | #Cybercrime | #Infosec - National Cyber Security Consulting
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6 Articles
Treasury Department blacklists technical enablers in Singapore, Cambodia as 'Scam Center Strike Force' helps raid 13 compounds in Madagascar
The US has launched a large-scale operation against the China-linked Xinbi Guarantee network, accused of conducting more than $24 billion in illicit transactions. Hundreds of millions of dollars worth of crypto assets have been seized, and the operation has brought back into focus the major blows dealt to merged Chinese and Russian-linked cybercrime and hacker networks in recent years.
What Is Xinbi Guarantee? How the U.S. Treasury Shut Down a $24 Billion Crypto Scam Hub
TLDR The U.S. Treasury sanctioned Xinbi Guarantee, a Chinese-language online marketplace used by cybercriminals for crypto-fueled scams Xinbi has processed over $24 billion in crypto and fiat since 2022, primarily through Southeast Asia The DOJ seized two wallets containing $12 million and sought...
Digital "laundry" of 24 billion dollars: How the Xinbi Guarantee network was dismantled editor03 Wed, 09/09/2026 - 21:19 The US authorities, in coordination with international partners, proceeded to dismantle one of the largest criminal organizations in the field of cybercrime, "Xinbi Guarantee". Exclusion from news feed Off Live Description Off
US dismantles alleged $24B Chinese cybercrime ring | #cybercrime | #infosec - National Cyber Security Consulting
Muhammed Yasin Güngör 09 September 2026•Update: 09 September 2026 The US announced a coordinated operation Wednesday to dismantle Xinbi Guarantee, a Chinese-language criminal organization accused of processing more than $24 billion in illegal transactions. The Treasury Department characterized Xinbi Guarantee as a platform used by cybercriminals to operate a large online marketplace for fraud and […] Thank you for subscribing to our RSS feed!
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