Justice Targets Xinbi Scam Empire | Charleston News

The DOJ just smashed a massive cybercrime operation called Xinbi, a Telegram-based scam hub with 650K users selling fake investments, money laundering tools, and even recruiting scammers in Southeast Asia. Acting like an escrow service, Xinbi made criminals feel safe — but also gave investigators a direct trail to their illicit cash. Officials warn this is a serious threat to global financial security, as criminals treat scams like ordering takeout. Authorities seized crypto wallets, froze $52M, sanctioned Xinbi and two overseas companies, and are now helping dismantle scam centers in Madagascar. If you’ve been targeted — stop sending money, alert your bank, and report it immediately. 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/b3d17ba9da277703