Matt Burgess

NEW: UK officials today sanctioned a Chinese-language $20 billion scam marketplace.

For years, Xinbi Guarantee has sold stolen personal data, money laundering services, and the infrastructure needed to run online scams. The sanctions are the latest move combatting organized scamming from Cambodia

https://www.wired.com/story/20-billion-xinbi-guarantee-uk-sanctions/

A $20 Billion Crypto Scam Market Faces a New Government Crackdown

The Telegram-based Xinbi Guarantee black market sells services that help prop up scam operations. British officials just hit the highly lucrative marketplace with sweeping sanctions.

WIRED
Mar 26 at 5:01pmWeb
Show threadInsertUser4d ago
@mattburgess I misinterpreted that as meaning officially approved rather than penalised for a minute there.