CyberSecurity News
U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto
AI summary
The US Department of Justice has taken action against an online marketplace called Xinbi Guarantee, which offered scam services. As part of the effort, Telegram channels used to operate the service were seized and two cryptocurrency wallets were confiscated. The action also involved the deployment of the Scam Center Strike Force to Madagascar to help disrupt compounds run by Chinese organized crime. The coordinated actions resulted in the freezing of $52.8 million in cryptocurrency. The strike force targeted 13 scam compounds in Madagascar. The operation aimed to disrupt the illicit activities of the Xinbi Guarantee marketplace.
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