Policy · 172 days ago
Britain placed Xinbi on its Global Human Rights sanctions list for enabling online fraud and human exploitation. Chainalysis says Xinbi processed roughly $19.9 billion from 2021–2025 and ran escrow-style services that underpinned Cambodia’s '#8 Park' scam compound.
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UK Cracks Down on Chinese Crypto Marketplace for Funding Scam Hubs
The UK government has sanctioned Xinbi, described as “the second-largest illicit online marketplace ever”
The Record from Recorded Future
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.
Part of the PlainSec briefing for 2026-03-29