Justice Dept Takes Down Xinbi Scam Empire | Salt Lake City News

The Justice Department just shut down Xinbi Guarantee, a massive Telegram-based scam marketplace with 650K users, that fueled $24B in fraud by selling custom scam tools, money laundering services, and even recruiting victims for overseas scam compounds. Authorities traced U.S. victim funds directly to Xinbi vendors, seized crypto wallets and channels, and sanctioned the group plus two tech companies for enabling their operations — all part of a broader crackdown on Chinese organized crime targeting Americans, including recent takedowns of 13 scam centers in Madagascar. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5b14d22d0d008d7e