The United States has sanctioned Xinbi, described as a scam marketplace, and restrained $52 million in cryptocurrency, according to Cointelegraph. The Justice Department seized Xinbi’s Telegram channels along with two wallets as investigators examined the alleged laundering network. Authorities are also pursuing 47 additional wallets linked to the network. The action places Xinbi and the restrained digital assets at the center of a US enforcement effort targeting cryptocurrency-related activity. The information does not identify the specific assets held in the wallets or provide details on the potential impact for individual crypto markets. The development was reported on September 10, 2026, and is relevant to digital-asset market participants monitoring regulatory and law-enforcement actions.
