The UK designated Xinbi under its Global Human Rights sanctions and froze UK-linked assets. Chainalysis says Xinbi processed about $19.9 billion from 2021–2025 and provided escrow-style services to industrial scam compounds such as Cambodia's '#8 Park.' Authorities also linked Xinbi to sales of stolen data, satellite internet equipment, and crypto laundering tied to North Korean actors.
UK sanctions Chinese crypto marketplace tied to scam compounds
The British government sanctioned Xinbi, a Chinese-language cryptocurrency marketplace accused of enabling large-scale online fraud and human exploitation, in a move targeting the financial infrastructure behind global scam networks.
UK sanctions Xinbi marketplace linked to Asian scam centers
The United Kingdom's Foreign, Commonwealth and Development Office (FCDO) has sanctioned Xinbi, a Chinese-language cryptocurrency-based online marketplace that sells stolen data and satellite internet equipment to scam networks in Southeast Asia.