US Sanctions Chinese Marketplace Behind Billions in Scam Center Fraud

The US government has sanctioned Xinbi Guarantee, a Chinese-language online marketplace that connects scam center operators in Southeast Asia with merchants offering financial services, technology and other criminal support tools. The Treasury estimates the platform has processed over $24 billion in digital and fiat currency since 2022, while blockchain analytics firm TRM Labs puts the true figure closer to $36 billion, with activity nearly doubling between May and December 2025 as rival platforms Huione Guarantee and Tudou Guarantee were sanctioned and declined.

According to TRM Labs, merchants on Xinbi Guarantee sell stolen personal data, fake identity documents, AI deepfake tools, satellite internet equipment and over-the-counter crypto exchange services. These offerings support scam operations that often rely on trafficked foreign workers lured with promises of legitimate jobs, then forced into large-scale online fraud.

Alongside Xinbi Guarantee, the US Treasury's Office of Foreign Assets Control sanctioned two supporting entities: Singapore-based encrypted messaging provider SafeW Technology and Cambodia-based Anwen Technology, maker of the XinbiPay digital wallet app. Separately, the US Secret Service and blockchain intelligence firm Elliptic said they had identified and frozen $52.8 million in cryptoassets linked to the network.