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$52M Crypto Seized in Southeast Asian Scam Network Takedown

Guavy AI Editorial Team
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The U.S. Department of Justice (DOJ) has seized $52 million in cryptocurrency linked to a Southeast Asian scam network.

The Scam Center Strike Force, led by U.S. Attorney Jeanine Ferris Pirro, took coordinated action against Xinbi Guarantee, an illicit marketplace for scam services.

Xinbi operated a Chinese-language marketplace on Telegram where vendors advertised custom scam investment websites and money-laundering services.

The Strike Force also deployed personnel to Madagascar to assist local authorities in taking down 13 Chinese-run scam compounds.

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