Audit log

Every state-changing event for Xinbi Marketplace: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-06-14 14:33:54Z
   Score: ? → ? (no score change)
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   ●mainnet-betaslot 426,435,416

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   3XRz6CzN3L5o…xZvJHV9Scopyexplorer ↗

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   CrPcmXXoHmN2…zhpyPqJ4copysha256 → base58

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   {"actor":"system:backfill","investigation_id":"b8d1da4e-f704-4c55-8c96-3da0b43d3544","kind":"publish","page_slug":"xinbi-marketplace","published_at":"2026-06-14T14:33:54.122Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Xinbi Marketplace","sections":[{"content":"On 26 March 2026, the UK Foreign, Commonwealth and Development Office (FCDO) designated Xinbi and several associated entities and individuals under the Global Human Rights sanctions regime, making the United Kingdom the first country to formally sanction the platform. The designation targets Xinbi for allegedly providing financial infrastructure to scam compound operators who subjected trafficked workers to forced labor and human rights abuses. The UK government stated that Xinbi had 'enabled and profited from the operation of scam centres in Southeast Asia.' Minister Stephen Doughty stated: 'Our sanctions today send a clear message: We will not allow British people to become victims of these dreadful scams.' The official sanctions notice (reference GHR0190) was published the same day. The action followed a coordinated US-UK operation in October and November 2025 targeting the Prince Group network, which resulted in over £1 billion in global asset seizures.","heading":"UK Sanctions Designation (March 2026)","severity":"critical","sources":[{"credibility":1,"name":"UK Government: UK crackdown on vile scam centres steps up with sanctions on illicit crypto network","type":"regulatory","url":"https://www.gov.uk/government/news/uk-crackdown-on-vile-scam-centres-steps-up-with-sanctions-on-illicit-crypto-network"},{"credibility":1,"name":"UK FCDO Sanctions Notice: Global Human Rights, 26 March 2026 (PDF)","type":"regulatory","url":"https://assets.publishing.service.gov.uk/media/69c4ff3193cc6e8b87a6f6ee/Sanctions_Notice__Global_Human_Rights__26_March_2026.pdf"},{"credibility":1,"name":"UK Sanctions List: Xinbi designation GHR0190","type":"regulatory","url":"https://search-uk-sanctions-list.service.gov.uk/designations/GHR0190/Entity"},{"credibility":2,"name":"TRM Labs: UK Becomes First Country to Sanction Xinbi","type":"research","url":"https://www.trmlabs.com/resources/blog/uk-becomes-first-country-to-sanction-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"credibility":2,"name":"The Record: UK sanctions Chinese crypto marketplace tied to scam compounds","type":"news_article","url":"https://therecord.media/xinbi-crypto-marketplace-sanctioned"}]},{"content":"Blockchain analytics firms have tracked Xinbi's transaction volumes extensively. Elliptic reported that addresses associated with Xinbi received at least $8.4 billion in USDT since 2022 as of its May 2025 research disclosure. TRM Labs later reported total transaction volume reaching $17.9 billion by December 2025 after enforcement actions, and context from the UK sanctions announcement cites a cumulative figure of $24.2 billion since 2022 including inflows through early 2026. Chainalysis reported the platform processed over $19.9 billion between 2021 and 2025. By TRM Labs' reporting, daily inflows nearly doubled between May 2025 and December 2025 even as competitor platforms collapsed under enforcement pressure. Xinbi is described by Elliptic as 'one of the largest cryptoasset-enabled illicit marketplaces in history.' The platform reportedly reached its first quarter exceeding $1 billion in inflows in Q4 2024. The XinbiPay (also called NewPay) wallet processed $94.6 million in its first operational month of December 2025.","heading":"Scale of Illicit Operations","severity":"critical","sources":[{"credibility":2,"name":"Elliptic: Xinbi — The $8 Billion Colorado-Incorporated Marketplace for Pig-Butchering Scammers and North Korean Hackers","type":"research","url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"credibility":2,"name":"TRM Labs: Xinbi Marketplace Remains Active with USD 17.9 Billion in Total Volume","type":"research","url":"https://www.trmlabs.com/resources/blog/xinbi-marketplace-remains-active-with-usd-17-9-billion-in-total-volume-despite-enforcement-actions"},{"credibility":2,"name":"TRM Labs: UK Becomes First Country to Sanction Xinbi","type":"research","url":"https://www.trmlabs.com/resources/blog/uk-becomes-first-country-to-sanction-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"credibility":2,"name":"Chainalysis: Xinbi Designation — Chinese-Language Crypto Scam Infrastructure","type":"research","url":"https://www.chainalysis.com/blog/xinbi-designation-chinese-language-crypto-scam-infrastructure/"}]},{"content":"Xinbi operates as a Chinese-language guarantee marketplace on Telegram, functioning as an informal escrow service and vendor directory connecting buyers and sellers of illicit goods and services. Vendors on the platform allegedly operate across multiple categories including: money laundering services (the dominant category by transaction volume); stolen personal data and databases used to identify and target scam victims; Starlink satellite internet equipment used to maintain connectivity in scam compound regions with limited infrastructure; fake identification documents; sex trafficking services; and unlicensed surrogacy services. Merchants openly advertised willingness to launder proceeds of pig-butchering scams and other cybercrimes. At its peak Telegram presence the platform had approximately 233,000 users. As a guarantee service, Xinbi acts as a trusted intermediary holding funds in escrow until all parties fulfill transaction obligations, lending the marketplace a degree of trust and operational structure characteristic of legitimate commercial platforms.","heading":"Services and Illicit Marketplace Structure","severity":"critical","sources":[{"credibility":2,"name":"Elliptic: Xinbi — The $8 Billion Colorado-Incorporated Marketplace","type":"research","url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"credibility":2,"name":"The Hacker News: Xinbi Telegram Market Tied to $8.4B in Crypto Crime","type":"news_article","url":"https://thehackernews.com/2025/05/xinbi-telegram-market-tied-to-84b-in.html"},{"credibility":2,"name":"Elliptic: UK Sanctions Xinbi Marketplace and Entities Connected to #8 Park","type":"research","url":"https://www.elliptic.co/blog/uk-sanctions-xinbi-marketplace-and-entities-connected-to-8-park-in-latest-crackdown-on-illicit-cryptoassets"}]},{"content":"Xinbi is alleged to have provided material support to pig-butchering scam compound operations across Southeast Asia, most prominently #8 Park in Cambodia. #8 Park, operated by Legend Innovation Co. and its director Eang Soklim (both sanctioned alongside Xinbi on 26 March 2026), is described as Cambodia's largest known scam compound with capacity for approximately 20,000 workers. Workers are alleged to have been trafficked into the compound and subjected to forced labor, torture, and detention under threat of violence. Elliptic published research on #8 Park on 4 February 2026; blockchain data confirmed sharp payment declines beginning 9 February, and the compound had allegedly evacuated by 13 February 2026. Xinbi allegedly provided #8 Park and similar operations with stolen personal data to identify and contact victims, satellite internet equipment to maintain connectivity, and money laundering infrastructure to move criminal proceeds. The UN Office of the High Commissioner for Human Rights estimated in 2023 that more than 200,000 people had been trafficked into Myanmar and Cambodia to execute online scam operations.","heading":"Connection to Pig-Butchering Scam Compounds and Human Trafficking","severity":"critical","sources":[{"credibility":2,"name":"Elliptic: UK Sanctions Xinbi Marketplace and Entities Connected to #8 Park","type":"research","url":"https://www.elliptic.co/blog/uk-sanctions-xinbi-marketplace-and-entities-connected-to-8-park-in-latest-crackdown-on-illicit-cryptoassets"},{"credibility":2,"name":"The Record: UK sanctions Chinese crypto marketplace tied to scam compounds","type":"news_article","url":"https://therecord.media/xinbi-crypto-marketplace-sanctioned"},{"credibility":1,"name":"UK Government: UK crackdown on vile scam centres steps up with sanctions on illicit crypto network","type":"regulatory","url":"https://www.gov.uk/government/news/uk-crackdown-on-vile-scam-centres-steps-up-with-sanctions-on-illicit-crypto-network"},{"credibility":2,"name":"PBS NewsHour: Why Southeast Asia's online scam industry is so hard to shut down","type":"news_article","url":"https://www.pbs.org/newshour/world/why-southeast-asias-online-scam-industry-is-so-hard-to-shut-down"}]},{"content":"Xinbi's operations are alleged to be closely linked to the Prince Group, a Cambodia-based criminal organization led by chairman Chen Zhi. Two individuals sanctioned alongside Xinbi by the UK on 26 March 2026 — Thet Li and Hu Xiaowei — are alleged associates of Chen Zhi. Thet Li is described as Chen Zhi's key lieutenant responsible for managing international financial networks, while Hu Xiaowei is described as a long-term associate operating under multiple aliases. Chen Zhi, a 37-year-old Cambodian national, was indicted by US prosecutors on wire fraud conspiracy and money laundering charges in October 2025 in connection with Prince Group's alleged operation of forced labor scam compounds across Cambodia. The DOJ filed what it described as the largest forfeiture action in US history in connection with the case, seeking approximately 127,271 Bitcoin (then valued at approximately $15 billion) seized from wallets controlled by Chen Zhi. Chen Zhi was reportedly arrested and extradited to China in early 2026. Xinbi allegedly provided financial infrastructure to Prince Group-linked compound operations.","heading":"Prince Group and Chen Zhi Connections","severity":"critical","sources":[{"credibility":1,"name":"US DOJ: Chairman of Prince Group Indicted for Operating Cambodian Forced Labor Scam Compounds","type":"court_filing","url":"https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged"},{"credibility":1,"name":"CNBC: DOJ seizes $15 billion in bitcoin from massive pig butchering scam based in Cambodia","type":"news_article","url":"https://www.cnbc.com/2025/10/14/bitcoin-doj-chen-zhi-pig-butchering-scam.html"},{"credibility":2,"name":"TRM Labs: UK Becomes First Country to Sanction Xinbi","type":"research","url":"https://www.trmlabs.com/resources/blog/uk-becomes-first-country-to-sanction-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"credibility":2,"name":"The Record: UK sanctions Chinese crypto marketplace tied to scam compounds","type":"news_article","url":"https://therecord.media/xinbi-crypto-marketplace-sanctioned"}]},{"content":"Elliptic's blockchain analysis identified that approximately $220,000 in USDT originating from the July 2024 hack of Indian cryptocurrency exchange WazirX was traced to Xinbi merchant addresses in November 2024, across nine transactions. The WazirX hack, in which $235 million was stolen, was attributed by Elliptic and other researchers to North Korea-linked actors (specifically the Lazarus Group). This on-chain evidence indicates that Xinbi merchants were involved in laundering proceeds from state-sponsored cryptocurrency theft, though the specific identity of the Xinbi merchants responsible has not been publicly identified by name.","heading":"North Korean Proceeds Laundering","severity":"high","sources":[{"credibility":2,"name":"Elliptic: Xinbi — The $8 Billion Colorado-Incorporated Marketplace","type":"research","url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"credibility":2,"name":"Elliptic: $235 million lost by WazirX in North Korea-linked breach","type":"research","url":"https://www.elliptic.co/blog/235-million-lost-by-wazirx-in-north-korea-linked-breach"},{"credibility":2,"name":"The Block: North Korean hackers likely behind $235 million WazirX exploit — Elliptic","type":"news_article","url":"https://www.theblock.co/post/306106/north-korea-wazirx"}]},{"content":"Xinbi markets itself as 'Xinbi Co., Ltd,' a corporation incorporated in Aurora, Colorado in August 2022. On its website, the company describes itself as an 'investment and capital guarantee group company.' According to Colorado corporate registry records, the company's registration was updated to 'Delinquent' status in January 2025 for failure to file required periodic reports. According to reporting by CoinDesk citing Elliptic research, Colorado state records show the company was registered by an individual named 'Mohd Shahrulnizam Bin Abd Manap' at an Aurora office park. Elliptic's chief scientist Tom Robinson stated that the US incorporation 'brings some level of legitimacy' to the platform, helping attract vendors who rely on the marketplace's perceived trustworthiness. The actual operational base of Xinbi is believed to be in the Golden Triangle region of Southeast Asia (encompassing parts of Myanmar, Thailand, and Laos), with the Colorado registration serving primarily as a legitimizing legal shell.","heading":"Corporate Structure and US Incorporation","severity":"high","sources":[{"credibility":2,"name":"Elliptic: Xinbi — The $8 Billion Colorado-Incorporated Marketplace","type":"research","url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"credibility":2,"name":"CoinDesk: Telegram Cracks Down on Suspected $8B Chinese Crypto Crime Marketplace Set Up in Colorado","type":"news_article","url":"https://www.coindesk.com/business/2025/05/14/telegram-cracks-down-on-suspected-8b-chinese-crypto-crime-marketplace-set-up-in-colorado"},{"credibility":2,"name":"CoinTelegraph: Illicit $8B crypto market Xinbi incorporated in Colorado — Elliptic","type":"news_article","url":"https://cointelegraph.com/news/crypto-black-market-xinbi-colorado-based-firm"}]},{"content":"Xinbi has demonstrated significant operational resilience in the face of enforcement actions. In May 2025, following a FinCEN Section 311 finding targeting major Chinese-language escrow services, Telegram shut down thousands of channels belonging to Xinbi Guarantee and the related Huione Guarantee. Unlike competitors Huione and Haowang Guarantee and Tudou Guarantee, which saw transaction volumes fall by nearly 100 percent after the spring 2025 enforcement action, Xinbi's daily inflows nearly doubled between May 2025 and December 2025. Beginning in June 2025, Xinbi began promoting SafeW, a proprietary secure messaging application, and XinbiPay (also referred to as NewPay), a no-KYC cryptocurrency wallet supporting USDT. By January 2026, SafeW had accumulated more than 20,909 subscribers. User migration to the new infrastructure accelerated significantly in January 2026, coinciding with the closure of Tudou Guarantee and the arrest of Prince Group chairman Chen Zhi, as users seeking an alternative migrated to Xinbi's ecosystem. TRM Labs reported total transaction volume of $17.9 billion processed through December 2025, with wallet inflows of $8.9 billion across the same period.","heading":"Operational Resilience and Platform Migration","severity":"high","sources":[{"credibility":2,"name":"TRM Labs: Xinbi Marketplace Remains Active with USD 17.9 Billion in Total Volume","type":"research","url":"https://www.trmlabs.com/resources/blog/xinbi-marketplace-remains-active-with-usd-17-9-billion-in-total-volume-despite-enforcement-actions"},{"credibility":2,"name":"TRM Labs: UK Becomes First Country to Sanction Xinbi","type":"research","url":"https://www.trmlabs.com/resources/blog/uk-becomes-first-country-to-sanction-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"credibility":2,"name":"CoinTelegraph: Xinbi processed $17.9B crypto despite Telegram crackdown","type":"news_article","url":"https://cointelegraph.com/news/xinbi-processed-17-9b-crypto-despite-telegram-crackdown"}]},{"content":"The 26 March 2026 UK sanctions package designated the following entities and individuals in connection with Xinbi's network: Xinbi (the marketplace itself); Legend Innovation Co. (operator of #8 Park scam compound in Cambodia); BSquare Technology; Tian Xu International Technology; Eang Soklim (director of Legend Innovation Co.); Thet Li (alleged lieutenant of Prince Group chairman Chen Zhi, described as managing international financial networks); Hu Xiaowei (alleged long-term associate of Chen Zhi, reported to operate under multiple aliases); Wang Xiaoyan; Pang Weizhi; and Wan Kuok Koi. Asset freezes related to the broader Prince Group enforcement actions previously targeting connected entities included a £100 million City of London office block, two multi-million-pound mansions, and a helicopter.","heading":"Designated Entities and Individuals","severity":"critical","sources":[{"credibility":1,"name":"UK Government: UK crackdown on vile scam centres steps up with sanctions on illicit crypto network","type":"regulatory","url":"https://www.gov.uk/government/news/uk-crackdown-on-vile-scam-centres-steps-up-with-sanctions-on-illicit-crypto-network"},{"credibility":1,"name":"UK FCDO Sanctions Notice: Global Human Rights, 26 March 2026 (PDF)","type":"regulatory","url":"https://assets.publishing.service.gov.uk/media/69c4ff3193cc6e8b87a6f6ee/Sanctions_Notice__Global_Human_Rights__26_March_2026.pdf"},{"credibility":2,"name":"Elliptic: UK Sanctions Xinbi Marketplace and Entities Connected to #8 Park","type":"research","url":"https://www.elliptic.co/blog/uk-sanctions-xinbi-marketplace-and-entities-connected-to-8-park-in-latest-crackdown-on-illicit-cryptoassets"}]}],"sources_used":[{"credibility":1,"name":"UK Government: UK crackdown on vile scam centres steps up with sanctions on illicit crypto network","type":"regulatory","url":"https://www.gov.uk/government/news/uk-crackdown-on-vile-scam-centres-steps-up-with-sanctions-on-illicit-crypto-network"},{"credibility":1,"name":"UK FCDO Sanctions Notice: Global Human Rights, 26 March 2026","type":"regulatory","url":"https://assets.publishing.service.gov.uk/media/69c4ff3193cc6e8b87a6f6ee/Sanctions_Notice__Global_Human_Rights__26_March_2026.pdf"},{"credibility":1,"name":"UK Sanctions List: Xinbi designation GHR0190","type":"regulatory","url":"https://search-uk-sanctions-list.service.gov.uk/designations/GHR0190/Entity"},{"credibility":1,"name":"US DOJ: Chairman of Prince Group Indicted for Operating Cambodian Forced Labor Scam Compounds","type":"court_filing","url":"https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged"},{"credibility":2,"name":"TRM Labs: UK Becomes First Country to Sanction Xinbi","type":"research","url":"https://www.trmlabs.com/resources/blog/uk-becomes-first-country-to-sanction-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"credibility":2,"name":"TRM Labs: Xinbi Marketplace Remains Active with USD 17.9 Billion in Total Volume","type":"research","url":"https://www.trmlabs.com/resources/blog/xinbi-marketplace-remains-active-with-usd-17-9-billion-in-total-volume-despite-enforcement-actions"},{"credibility":2,"name":"Elliptic: Xinbi — The $8 Billion Colorado-Incorporated Marketplace for Pig-Butchering Scammers and North Korean Hackers","type":"research","url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"credibility":2,"name":"Elliptic: UK Sanctions Xinbi Marketplace and Entities Connected to #8 Park","type":"research","url":"https://www.elliptic.co/blog/uk-sanctions-xinbi-marketplace-and-entities-connected-to-8-park-in-latest-crackdown-on-illicit-cryptoassets"},{"credibility":2,"name":"Elliptic: $235 million lost by WazirX in North Korea-linked breach","type":"research","url":"https://www.elliptic.co/blog/235-million-lost-by-wazirx-in-north-korea-linked-breach"},{"credibility":2,"name":"Chainalysis: Xinbi Designation — Chinese-Language Crypto Scam Infrastructure","type":"research","url":"https://www.chainalysis.com/blog/xinbi-designation-chinese-language-crypto-scam-infrastructure/"},{"credibility":2,"name":"The Record: UK sanctions Chinese crypto marketplace tied to scam compounds","type":"news_article","url":"https://therecord.media/xinbi-crypto-marketplace-sanctioned"},{"credibility":2,"name":"CoinDesk: Telegram Cracks Down on Suspected $8B Chinese Crypto Crime Marketplace Set Up in Colorado","type":"news_article","url":"https://www.coindesk.com/business/2025/05/14/telegram-cracks-down-on-suspected-8b-chinese-crypto-crime-marketplace-set-up-in-colorado"},{"credibility":1,"name":"CNBC: DOJ seizes $15 billion in bitcoin from massive pig butchering scam based in Cambodia","type":"news_article","url":"https://www.cnbc.com/2025/10/14/bitcoin-doj-chen-zhi-pig-butchering-scam.html"},{"credibility":2,"name":"CoinTelegraph: Illicit $8B crypto market Xinbi incorporated in Colorado","type":"news_article","url":"https://cointelegraph.com/news/crypto-black-market-xinbi-colorado-based-firm"},{"credibility":2,"name":"The Hacker News: Xinbi Telegram Market Tied to $8.4B in Crypto Crime, Romance Scams, North Korea Laundering","type":"news_article","url":"https://thehackernews.com/2025/05/xinbi-telegram-market-tied-to-84b-in.html"},{"credibility":2,"name":"CoinTelegraph: Xinbi processed $17.9B crypto despite Telegram crackdown","type":"news_article","url":"https://cointelegraph.com/news/xinbi-processed-17-9b-crypto-despite-telegram-crackdown"},{"credibility":2,"name":"The Block: North Korean hackers likely behind $235 million WazirX exploit","type":"news_article","url":"https://www.theblock.co/post/306106/north-korea-wazirx"}],"summary":"Xinbi Marketplace (also known as Xinbi Guarantee) is a Chinese-language, Telegram-based illicit crypto marketplace that has processed an estimated $24.2 billion in total transaction volume since 2022, making it one of the largest known illicit online marketplaces ever tracked. Operating as an informal escrow provider and vendor platform primarily serving pig-butchering scam networks in Southeast Asia, it was sanctioned by the UK Foreign, Commonwealth and Development Office on 26 March 2026 — the first country-level sanction against the platform — under the Global Human Rights sanctions regime. The operator is formally incorporated as 'Xinbi Co., Ltd' in Colorado, USA, though its actual operations are believed to be based in the Golden Triangle region of Southeast Asia.","timeline":[{"date":"2022-08-01","event":"Xinbi Co., Ltd incorporated in Aurora, Colorado; Xinbi Guarantee marketplace begins operating as a Chinese-language Telegram-based escrow and vendor platform.","source":"Elliptic research / Colorado corporate registry","source_url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"date":"2024-07-18","event":"Indian cryptocurrency exchange WazirX suffers a $235 million hack attributed to North Korea-linked actors (Lazarus Group).","source":"Elliptic","source_url":"https://www.elliptic.co/blog/235-million-lost-by-wazirx-in-north-korea-linked-breach"},{"date":"2024-11-12","event":"Approximately $220,000 in USDT traced from the WazirX hack flows to Xinbi merchant addresses across nine transactions, according to Elliptic blockchain analysis.","source":"Elliptic","source_url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"date":"2025-01-01","event":"Colorado corporate registry updates Xinbi Co., Ltd status to 'Delinquent' for failure to file required periodic reports.","source":"Elliptic / Colorado corporate registry","source_url":"https://www.elliptic.co/blog/xinbi-guarantee"},{"date":"2025-05-12","event":"Telegram shuts down thousands of Xinbi Guarantee channels following a FinCEN Section 311 finding targeting Chinese-language escrow services. Xinbi subsequently returns to Telegram using same usernames and channels.","source":"TRM Labs","source_url":"https://www.trmlabs.com/resources/blog/xinbi-marketplace-remains-active-with-usd-17-9-billion-in-total-volume-despite-enforcement-actions"},{"date":"2025-05-14","event":"Elliptic publishes research identifying Xinbi as an $8.4 billion illicit marketplace incorporated in Colorado, with connections to pig-butchering scam networks and North Korean hackers.","source":"Elliptic / CoinDesk","source_url":"https://www.coindesk.com/business/2025/05/14/telegram-cracks-down-on-suspected-8b-chinese-crypto-crime-marketplace-set-up-in-colorado"},{"date":"2025-06-01","event":"Xinbi begins promoting SafeW (proprietary messaging app) and XinbiPay/NewPay (no-KYC USDT wallet) as alternative infrastructure following Telegram enforcement.","source":"TRM Labs","source_url":"https://www.trmlabs.com/resources/blog/uk-becomes-first-country-to-sanction-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"date":"2025-10-01","event":"US DOJ indicts Prince Group chairman Chen Zhi on wire fraud conspiracy and money laundering charges in connection with forced labor scam compound operations; DOJ files largest-ever forfeiture action seeking approximately 127,271 Bitcoin (~$15 billion). US and UK jointly designate 146 entities and individuals linked to the Prince Group.","source":"US DOJ / CNBC","source_url":"https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged"},{"date":"2026-01-01","event":"SafeW reaches 20,909+ subscribers; user migration to Xinbi's XinbiPay/NewPay accelerates following the closure of competitor Tudou Guarantee and the arrest and extradition of Chen Zhi to China. XinbiPay processes $94.6 million in its first operational month (December 2025).","source":"TRM Labs","source_url":"https://www.trmlabs.com/resources/blog/uk-becomes-first-country-to-sanction-xinbi-one-of-southeast-asias-largest-illicit-crypto-marketplaces"},{"date":"2026-02-04","event":"Elliptic publishes research identifying #8 Park, Cambodia's largest alleged scam compound with capacity for ~20,000 trafficked workers, as a major Xinbi client.","source":"Elliptic","source_url":"https://www.elliptic.co/blog/uk-sanctions-xinbi-marketplace-and-entities-connected-to-8-park-in-latest-crackdown-on-illicit-cryptoassets"},{"date":"2026-02-13","event":"#8 Park compound allegedly evacuates following the Elliptic research publication; blockchain data shows sharp payment declines beginning 9 February 2026.","source":"Elliptic","source_url":"https://www.elliptic.co/blog/uk-sanctions-xinbi-marketplace-and-entities-connected-to-8-park-in-latest-crackdown-on-illicit-cryptoassets"},{"date":"2026-03-26","event":"UK FCDO designates Xinbi, Legend Innovation Co., BSquare Technology, Tian Xu International Technology, and six individuals (Eang Soklim, Thet Li, Hu Xiaowei, Wang Xiaoyan, Pang Weizhi, Wan Kuok Koi) under the Global Human Rights sanctions regime. The UK becomes the first country to sanction Xinbi.","source":"UK Government / FCDO","source_url":"https://www.gov.uk/government/news/uk-crackdown-on-vile-scam-centres-steps-up-with-sanctions-on-illicit-crypto-network"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision a79d78e0-6217-4cdf-99d7-cf04549394b9copy