Crypto Crackdown: US Freezes $52.8M Linked to Telegram Scam Bazaar

The United States Secret Service has frozen $52.8 million in USDT stablecoin across 52 wallets linked to Xinbi Guarantee, an illicit marketplace operating on Telegram.

Xinbi Guarantee is believed to be involved in a scam bazaar, and the Secret Service's action marks a significant move against such operations.

Meanwhile, Revolut has been granted conditional approval by the U.S. Office of the Comptroller of the Currency (OCC) to establish a national bank charter, allowing it to operate as a licensed bank in the United States.