UK Sanctions Xinbi and Hits a Major Scam Network
The UK has sanctioned Xinbi, a Chinese-language crypto guarantee marketplace linked to large-scale illicit financial activity. The move cuts the platform off from the UK financial system and blocks British individuals, banks, and crypto firms from dealing with it. Xinbi is accused of processing nearly $20 billion in illicit crypto flows between 2021 and 2025. … Read more
