Xinbi Guarantee
Last changed 2026-10-17 · Community evidence — A moderator rejected a piece of community-submitted evidence: The submitted URL (home.treasury.gov/news/press-releases/sb0538) is OFAC's June 23, 2026 press release sanctioning Huione Group - a different target entirely - and makes no mention of Xinbi Guarantee, the DOJ Scam Center Strike Force, or the $52.8M seizure the note claims it supports. Trust score now 0. Version history →
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·5LYGvv…bgnESummary
Xinbi Guarantee is a Chinese-language illicit online marketplace that operated via Telegram, functioning as an escrow service connecting transnational criminal syndicates with vendors selling scam infrastructure, money laundering services, stolen data, and human trafficking recruitment. On September 9, 2026, the U.S. Treasury's OFAC designated Xinbi Guarantee as a significant transnational criminal organization under Executive Order 13581, and the DOJ's Scam Center Strike Force seized two cryptocurrency wallets and obtained restraining orders covering 47 additional wallets, together freezing approximately $52.8 million. Blockchain analytics firms place the platform's total transaction throughput at between $24 billion and $36 billion since approximately 2022.
Connected Entities
6 entities · 60 linked investigations- Xinbi Guarantee→mentioned with→TRON(70%)
- Xinbi Guarantee→mentioned with→WazirX(75%)
- Xinbi Guarantee→mentioned with→USDD(70%)
- Prince Group Transnational Criminal Organization→mentioned with→Xinbi Guarantee(80%)
- WazirX→mentioned with→North Korea Lazarus Group — H1 2026 Systematic Crypto Theft Campaign(80%)
- Xinbi Guarantee→mentioned with→Prince Group Transnational Criminal Organization(80%)
- WazirX→mentioned with→TRON(60%)
- Xinbi Guarantee→mentioned with→North Korea Lazarus Group — H1 2026 Systematic Crypto Theft Campaign(80%)
- USDD→mentioned with→TRON(70%)
- TRON→mentioned with→USDD(70%)
Connected Through
6 shared actors · 125 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □North Korea Lazarus Group — H1 2026 Systematic Crypto Theft Campaignorganization
- □TRONorganization
- □WazirXorganization
- □USDDorganization
8 submissions awaiting moderator review.
Timeline(10 events)
1 January 2022
Xinbi Guarantee reportedly begins operations as a Chinese-language Telegram-based escrow marketplace for criminal services, with TRON/USDT as primary settlement currency. Approximate date per Treasury and Chainalysis.
U.S. Department of the Treasury press release1 October 2024
Q4 2024 becomes the first quarter in which Xinbi's inflows exceed $1 billion, indicating rapid expansion.
Elliptic research report1 November 2025
U.S. Department of Justice establishes the Scam Center Strike Force to target transnational scam infrastructure.
The Hacker News1 December 2025
XinbiPay hot wallet processes $94.6 million in withdrawal activity in December 2025 alone, per TRM Labs analysis.
TRM Labs26 March 2026
UK Foreign, Commonwealth and Development Office becomes the first government to sanction Xinbi Guarantee, designating it under the UK Global Human Rights sanctions regime. Chainalysis reports $19.9 billion in transactions at time of UK designation.
TRM Labs / Crowdfund Insider7 September 2026
U.S. District Court for the District of Columbia authorizes warrant to seize Telegram channels hosting Xinbi Guarantee, obtained by U.S. Attorney Jeanine Pirro's office.
The Record (Recorded Future)9 September 2026
OFAC designates Xinbi Guarantee, Anwen Technology Co., Ltd., and SafeW Technology Co., Ltd. as significant transnational criminal organizations on the SDN list, citing 52 associated cryptocurrency addresses. DOJ Scam Center Strike Force simultaneously seizes two wallets (~$12M) and obtains restraining orders on 47 additional wallets. Total frozen/restrained: $52.8 million.
U.S. Department of the Treasury9 September 2026
Following Tether's cooperation in freezing USDT wallets, Xinbi publicly announces migration from USDT to USDD stablecoin and converts approximately $2.8 million in USDT to USDD to evade further freezes.
Treasury Sanctions a $24 Billion Scam Marketplace — Unchained9 September 2026
Concurrently, DOJ Scam Center Strike Force operation in Madagascar results in dismantlement of 13 scam compounds, approximately 400 arrests by local authorities, and repatriation of approximately 30 suspected Chinese compound leaders to China.
Crypto Briefing / Gulf News9 September 2026
Chainalysis publishes findings that DPRK-linked threat actors used Xinbi's 'Black U' vendor services to launder tens of millions in stolen cryptocurrency, including funds traced to the Bybit and WazirX exchange hacks.
Chainalysis blogDecision Log
- slot 457962113 · hash BGtBruLhyRnEtTPzg3rL83F3dub5ZQVS2rPDjJF2C2tt
- slot 446551125 · hash 2wA46K5AXNu1MATRaJBVbVr5njAiPQn2WHDzt5GoZ1m2
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 22 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/12/2026, 11:10:00 PM
last updated: 10/17/2026, 7:58:42 AM
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