US and Madagascar Crack Down on Crypto Scams | Dubai News

In a massive global crackdown, U.S. authorities teamed up with Madagascar to dismantle 13 Chinese-run scam compounds, freezing $52 million in crypto and arresting 500 scammers — part of a broader effort by the new Scam Center Strike Force that’s now seized nearly $938 million total. These sophisticated networks, linked to Chinese criminal groups, operate across Africa, the Middle East, and Central America, siphoning an estimated $40 billion globally each year — including $12 billion from American victims. The takedown targeted Telegram channels for Xinbi Guarantee, a platform that sold scam services, and led to sanctions against the group and two affiliates. With 50 Chinese suspects already deported and facing prison, this coordinated strike signals a serious global push to shut down these lucrative fraud operations before they can exploit more unsuspecting victims. 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/62452728d22779a8