UK Sanctions Xinbi Marketplace Linked to Asian Scam Centers
🚫 The UK’s Foreign, Commonwealth and Development Office has sanctioned Xinbi, a Chinese-language marketplace accused of selling stolen personal data and satellite internet equipment to Southeast Asian scam networks and assisting North Korean actors with cryptocurrency laundering. Chainalysis links Xinbi to over $19.9 billion in transactions from 2021–2025. The measures also target #8 Park and operator Legend Innovation Co, aiming to sever Xinbi from legitimate crypto services and disrupt payments to scam centers.
