Britain Blacklists the Masterminds and Crypto Machine Behind a Multibillion-Dollar Scam Empire
ID: dbad6598-2618-57be-aa10-ee91a408da6a
STIX ID: report--dbad6598-2618-57be-aa10-ee91a408da6a
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The UK has sanctioned Xinbi, a Chinese-language illicit crypto marketplace operating on Telegram, and several individuals linked to Cambodia’s Prince Group for enabling large-scale scam compounds that traffic and coerce victims into running online fraud. Chainalysis data cited in the sanctions alleges Xinbi processed about $19.9 billion (2021–2025) and supplied services like stolen personal data and satellite internet used to facilitate and monetise the scams, prompting blacklisting of associated companies and operators.
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