{"investigation":{"slug":"anwen-technology-co-ltd-xinbipay-newpay","entity_name":"Anwen Technology Co. Ltd. (XinbiPay / NewPay)","trust_score":2,"severity_base":null,"score_modifier":0,"confidence":0.85,"status":"draft","content_type":"investigation","summary":"Anwen Technology Co., Ltd. is a Cambodia-based software developer that built XinbiPay, also marketed as NewPay, a cryptocurrency payment and digital wallet application. The U.S. Treasury's Office of Foreign Assets Control (OFAC) designated Anwen Technology on September 9, 2026 for materially supporting Xinbi Guarantee, a Chinese-language online marketplace that U.S. authorities allege facilitated more than $24 billion in illicit digital-asset and fiat transactions tied to pig-butchering scams, romance scams, and other cyber-fraud operations across Southeast Asia. The designation blocks all U.S. property interests of Anwen Technology and generally prohibits U.S. persons from transacting with it.","sections":[{"content":"On September 9, 2026, OFAC designated Anwen Technology Co., Ltd., a Cambodia-based company, alongside Xinbi Guarantee and Singapore-based SafeW Technology Co., Ltd., under Executive Order 13581 (as amended by E.O. 13863) and in furtherance of E.O. 14390, which targets cybercrime, fraud, and predatory schemes. Treasury stated that Anwen and SafeW were designated for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Xinbi Guarantee. The designation blocks all property and interests in property of Anwen Technology within U.S. jurisdiction and generally bars U.S. persons from engaging in transactions with the company.","heading":"OFAC Sanctions Designation","sources":[{"url":"https://home.treasury.gov/news/press-releases/sb0624","name":"U.S. Department of the Treasury press release on Xinbi Guarantee sanctions","type":"regulatory","credibility":1},{"url":"https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces","name":"TRM Labs — The US Sanctions Xinbi, One of Southeast Asia's Largest Illicit Crypto Marketplaces","type":"research","credibility":2},{"url":"https://www.state.gov/releases/office-of-the-spokesperson/2026/09/dismantling-transnational-criminal-organization-xinbi-guarantee","name":"U.S. Department of State — Dismantling Transnational Criminal Organization Xinbi Guarantee","type":"official","credibility":1}],"severity":"critical"},{"content":"According to Treasury and blockchain-analytics reporting, Xinbi Guarantee is an online marketplace that connected transnational criminal syndicates, including scam-center operators in Southeast Asia, with vendors selling money-laundering services, stolen data, fake identity documents, deepfake tools, and cash-out services, largely settled in USDT on the TRON blockchain. Around June 2025, following increased law-enforcement pressure and Telegram's spring-2025 ban of Xinbi and similar platforms, Xinbi allegedly began migrating operations to the SafeW messaging application and launched XinbiPay — also marketed as NewPay — a dedicated cryptocurrency payment and wallet application built by Anwen Technology, giving the network payment infrastructure separate from mainstream wallets and exchanges. Chainalysis reported that the U.S. Department of Justice's Scam Center Strike Force seized approximately $12 million from two wallets that Xinbi allegedly used to collect payments on behalf of vendors, as part of a broader restraint of more than $52 million in cryptocurrency linked to the network. These allegations concerning Anwen Technology's specific role remain as characterized by U.S. government and blockchain-intelligence sources; no court filing specific to Anwen alone was identified in available reporting.","heading":"Role in Xinbi Guarantee's Payment Infrastructure","sources":[{"url":"https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces","name":"TRM Labs — The US Sanctions Xinbi, One of Southeast Asia's Largest Illicit Crypto Marketplaces","type":"research","credibility":2},{"url":"https://www.chainalysis.com/blog/ofac-sanctions-xinbi-cybercriminal-crypto-marketplace/","name":"Chainalysis — US Sanctions Xinbi, Asia's Multibillion-Dollar Cybercriminal Marketplace","type":"research","credibility":2},{"url":"https://crypto.news/doj-targets-xinbi-guarantee-network-restrains-over-52m-in-crypto/","name":"crypto.news — DOJ targets Xinbi Guarantee network, restrains over $52M in crypto","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Treasury figures cited by Chainalysis state that Xinbi Guarantee's ecosystem has processed the equivalent of more than $24 billion in digital assets and fiat currency since approximately 2022, with 52 designated addresses receiving over $8.4 billion in stablecoins alone. TRM Labs placed total marketplace throughput at over $36 billion, including roughly $17 billion in documented inflows, and reported that Xinbi's Telegram channel had 657,643 subscribers as of September 2026, with XinbiPay's hot wallet allegedly processing $94.6 million in withdrawals in December 2025 alone. Chainalysis reported that so-called \"Black U\" launderers within the marketplace accepted stolen funds and replaced them with stablecoins sourced from separate illicit revenue streams, including the alleged proceeds of pig-butchering and romance scams flowing through the same marketplace ecosystem that XinbiPay/NewPay serviced. These figures describe the broader Xinbi Guarantee network rather than Anwen Technology in isolation; Anwen's specific contribution is limited to the wallet/payment application it is alleged to have built and operated.","heading":"Scale of Alleged Illicit Activity and Pig-Butchering Connection","sources":[{"url":"https://www.chainalysis.com/blog/ofac-sanctions-xinbi-cybercriminal-crypto-marketplace/","name":"Chainalysis — US Sanctions Xinbi, Asia's Multibillion-Dollar Cybercriminal Marketplace","type":"research","credibility":2},{"url":"https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces","name":"TRM Labs — The US Sanctions Xinbi, One of Southeast Asia's Largest Illicit Crypto Marketplaces","type":"research","credibility":2}],"severity":"critical"},{"content":"The OFAC designation was announced alongside a coordinated U.S. Department of Justice Scam Center Strike Force action. A U.S. District Court for the District of Columbia reportedly authorized seizure of Telegram channels used to host and advertise the marketplace's services on September 7, 2026, with vendors alleged to have used those channels to promote money-laundering services, custom scam-investment websites, and recruitment tied to scam compounds in Southeast Asia. DOJ separately seized roughly $12 million held in two wallets allegedly used by Xinbi to collect vendor payments and sought restraint of 47 additional wallets, contributing to a total of more than $52 million in cryptocurrency restrained in a single coordinated action. The United Kingdom's Foreign, Commonwealth and Development Office had separately designated Xinbi Guarantee on March 26, 2026, making it the first country to sanction the network; the U.S. action followed roughly six months later.","heading":"Coordinated Law Enforcement Action","sources":[{"url":"https://crypto.news/doj-targets-xinbi-guarantee-network-restrains-over-52m-in-crypto/","name":"crypto.news — DOJ targets Xinbi Guarantee network, restrains over $52M in crypto","type":"news_article","credibility":2},{"url":"https://home.treasury.gov/news/press-releases/sb0624","name":"U.S. Department of the Treasury press release on Xinbi Guarantee sanctions","type":"regulatory","credibility":1},{"url":"https://www.cryptotimes.io/2026/09/10/us-seizes-52m-in-crypto-and-telegram-channels-linked-to-xinbi-guarantee/","name":"CryptoTimes — DOJ Seized Xinbi's Telegram Channels as OFAC Designated It a Criminal Organization","type":"news_article","credibility":2}],"severity":"high"}],"timeline":[{"date":"2022","event":"Xinbi Guarantee marketplace begins operations, later alleged by U.S. Treasury to have processed over $24 billion in digital assets and fiat currency connected to Southeast Asian scam networks.","source":"U.S. Department of the Treasury","source_url":"https://home.treasury.gov/news/press-releases/sb0624"},{"date":"2025-03","event":"Telegram bans Xinbi Guarantee and competing marketplace channels from its platform.","source":"TRM Labs","source_url":"https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"date":"2026-03-26","event":"The United Kingdom's Foreign, Commonwealth and Development Office designates Xinbi Guarantee, becoming the first country to sanction the network.","source":"TRM Labs / U.S. Treasury","source_url":"https://home.treasury.gov/news/press-releases/sb0624","date_evidence":"the U.K. Foreign, Commonwealth and Development Office (sanctioned Xinbi on March 26, 2026)"},{"date":"2025-06","event":"Xinbi Guarantee allegedly begins migrating operations to the SafeW messaging app and launches XinbiPay (also marketed as NewPay), a payment and wallet application built by Anwen Technology Co., Ltd., following increased law-enforcement pressure.","source":"TRM Labs / Chainalysis","source_url":"https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"date":"2025-12","event":"XinbiPay's hot wallet allegedly processes $94.6 million in withdrawals in a single month.","source":"TRM Labs","source_url":"https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"date":"2026-09","event":"U.S. District Court for the District of Columbia authorizes seizure of Telegram channels used to advertise Xinbi Guarantee's marketplace services.","source":"crypto.news","source_url":"https://crypto.news/doj-targets-xinbi-guarantee-network-restrains-over-52m-in-crypto/","date_evidence":"A U.S. District Court for the District of Columbia authorized the seizure of Telegram channels used to host and advertise the marketplace's services on Sept. 7","date_original":"2026-09-07"},{"date":"2026-09-09","event":"OFAC designates Xinbi Guarantee, Anwen Technology Co., Ltd. (developer of XinbiPay/NewPay), and SafeW Technology Co., Ltd. as supporting a significant transnational criminal organization; DOJ Scam Center Strike Force simultaneously restrains more than $52 million in related cryptocurrency.","source":"U.S. Department of the Treasury","source_url":"https://home.treasury.gov/news/press-releases/sb0624","date_evidence":"**Designation Date:** September 9, 2026"}],"sources_used":[{"url":"https://home.treasury.gov/news/press-releases/sb0624","name":"U.S. Department of the Treasury press release on Xinbi Guarantee sanctions","type":"regulatory","archive_url":"http://web.archive.org/web/20260913005344/https://home.treasury.gov/news/press-releases/sb0624","credibility":1,"archive_timestamp":"2026-09-13T00:53:44+00:00"},{"url":"https://www.state.gov/releases/office-of-the-spokesperson/2026/09/dismantling-transnational-criminal-organization-xinbi-guarantee","name":"U.S. Department of State — Dismantling Transnational Criminal Organization Xinbi Guarantee","type":"official","archive_url":"http://web.archive.org/web/20260913203016/https://www.state.gov/releases/office-of-the-spokesperson/2026/09/dismantling-transnational-criminal-organization-xinbi-guarantee/","credibility":1,"archive_timestamp":"2026-09-13T20:30:16+00:00"},{"url":"https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces","name":"TRM Labs — The US Sanctions Xinbi, One of Southeast Asia's Largest Illicit Crypto Marketplaces","type":"research","archive_url":"http://web.archive.org/web/20260914144735/https://www.trmlabs.com/resources/blog/the-us-sanctions-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces","credibility":2,"archive_timestamp":"2026-09-14T14:47:35+00:00"},{"url":"https://www.chainalysis.com/blog/ofac-sanctions-xinbi-cybercriminal-crypto-marketplace/","name":"Chainalysis — US Sanctions Xinbi, Asia's Multibillion-Dollar Cybercriminal Marketplace","type":"research","archive_url":"http://web.archive.org/web/20260911201932/https://www.chainalysis.com/blog/ofac-sanctions-xinbi-cybercriminal-crypto-marketplace/","credibility":2,"archive_timestamp":"2026-09-11T20:19:32+00:00"},{"url":"https://crypto.news/doj-targets-xinbi-guarantee-network-restrains-over-52m-in-crypto/","name":"crypto.news — DOJ targets Xinbi Guarantee network, restrains over $52M in crypto","type":"news_article","archive_url":null,"credibility":2,"archive_timestamp":null},{"url":"https://www.cryptotimes.io/2026/09/10/us-seizes-52m-in-crypto-and-telegram-channels-linked-to-xinbi-guarantee/","name":"CryptoTimes — DOJ Seized Xinbi's Telegram Channels as OFAC Designated It a Criminal Organization","type":"news_article","archive_url":"http://web.archive.org/web/20260913004651/https://www.cryptotimes.io/2026/09/10/us-seizes-52m-in-crypto-and-telegram-channels-linked-to-xinbi-guarantee/","credibility":2,"archive_timestamp":"2026-09-13T00:46:51+00:00"},{"url":"https://www.infosecurity-magazine.com/news/ofac-sanctions-chinese-scam/","name":"Infosecurity Magazine — OFAC Sanctions Chinese Scam Platform Xinbi Guarantee","type":"news_article","archive_url":"http://web.archive.org/web/20260910083831/https://www.infosecurity-magazine.com/news/ofac-sanctions-chinese-scam/","credibility":2,"archive_timestamp":"2026-09-10T08:38:31+00:00"}],"source_tags":[],"addresses":[],"reviewed":false,"reviewed_by":null,"model_used":"claude-code-investigator","created_at":"2026-09-14T12:30:46.254299+00:00","updated_at":"2026-09-14T15:58:21.135907+00:00"}}