UK becomes first country to sanction crypto marketplace Xinbi over $19.9B fraud empire

2026-3-27 01:00

The UK has sanctioned crypto marketplace Xinbi and Cambodia’s #8 Park scam compound over a $19.9b fraud and trafficking network, freezing London assets ahead of June’s Illicit Finance Summit. The UK government on March 26 sanctioned Xinbi, a Chinese-language cryptocurrency… origin »

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xinbi sanctioned fraud marketplace crypto finance illicit