Xinbi Guarantee Designated as Transnational Criminal Organization by US Authorities
US authorities have escalated their crackdown on Xinbi Guarantee, a significant transnational criminal organization. The Treasury Department has designated Xinbi as such and sanctioned two companies tied to its messaging and payment infrastructure, SafeW Technology and Anwen Technology.
The measures extend beyond individual wallets. US authorities restrained more than $52 million in crypto assets, seized key infrastructure, and authorized the seizure of Telegram channels tied to the Chinese-language marketplace on September 7.
Earlier this year, Xinbi had begun shifting merchant coordination and alleged laundering activity to the encrypted SafeW application around June 2025. The company also introduced XinbiPay, also known as NewPay, as scrutiny of its operations intensified.
The action follows pressure on Xinbi's USDT network, including freezes affecting operational wallets used to receive, route, and withdraw stablecoins. This had already pushed the marketplace to explore alternatives, including greater use of USDD.