Feds Have Now Frozen $938M in Scam Crypto After Telegram Market Bust

Tether Helped the DOJ Freeze $52 Million Tied to a Telegram Scam Bazaar

The DOJ's Scam Center Strike Force publicly credited Tether for helping restrain over $52 million in crypto tied to Xinbi Guarantee, a Telegram marketplace that fed pig butchering scam compounds across Southeast Asia. The freeze worked because Tether can blacklist USDT at the contract level the moment investigators flag a wallet, and Xinbi is already migrating to a stablecoin that can't be frozen.

U.S. DOJ Freezes About $938M in Fraud-Linked Crypto

The DOJ crypto freeze figure reflects a precise cumulative balance of $938,460,156. 82 restrained by the Strike Force's Crypto Seizure team, per the program page updated September 9, 2026.Read more...

Feds Have Now Frozen $938M in Scam Crypto After Telegram Market Bust

Federal authorities restrained about $52 million in scam-linked cryptocurrency in a single day during a crackdown on Xinbi Guarantee, lifting the Justice Department strike force’s running total to roughly $938 million. Treasury says the marketplace processed more than $24 billion and was reportedly used by North Korean hackers. Crypto Scam Crackdown Nears $1 Billion About […]

US Disrupts Xinbi Guarantee Marketplace Linked to Cyber Scams

A Telegram-based marketplace known as Xinbi Guarantee has been sued by U.S. authorities for providing services to scam centers engaged in cyber fraud and… Read more →