US DOJ restrains $52M in crypto with Tethers help
The U.S. Department of Justice has restrained more than $52 million in cryptocurrency while targeting wallets and online channels linked to the Xinbi Guarantee scam network. Tether said in a Sep. 11 statement that the DOJ credited the stablecoin issuers “proactive assistance” in an operation against Xinbi Guarantee, a Chinese-language marketplace linked to international scam groups. The coordinated action restrained more than $52 million in cryptocurrency in one day. U.S. authorities also seized two wallets that Xinbi allegedly used to receive about $12 million in payments and sought restraint orders covering 47 additional wallets tied to suspected money laundering. Xinbi operated as a service hub rather than a single scam site. According to U.S. authorities and blockchain researchers, its vendors connected fraud groups with money launderers, operators of fake investment platforms, and recruiters involved in human trafficking. DOJ targets Xinbis financial infrastructure Instead of focusing only on individual fraud schemes, the enforcement action went after the payment tools that supported Xinbis marketplace. Vendors allegedly used the platform to advertise services, receive payments, and move proceeds from online scams through cryptocurrency wallets. The two wallets targeted for seizure had collected about $12 million in payments, Tether said. Restraint requests involving another 47 wallets expanded the action to









