UK Sanctions Chinese Crypto Marketplace Xinbi Linked to Southeast Asia Scam Centers

The UK sanctioned Xinbi, a Chinese cryptocurrency marketplace, and related entities including the #8 Park scam compound and operator Legend Innovation Co., accusing them of enabling large-scale online scams, human trafficking, and selling stolen personal data; authorities allege Xinbi processed over $19.7 billion in illicit transactions and will pursue asset freezes in an effort to disrupt Southeast Asian scam networks.