The United States government has imposed sanctions on Xinbi Guarantee, a Chinese-language marketplace notorious for facilitating fraud and money laundering. This action follows similar measures taken by the United Kingdom. Xinbi Guarantee has been linked to scam operations across Southeast Asia and other regions, connecting criminal networks with merchants who provide financial services and technology solutions. According to the US Treasury, the platform has managed transactions exceeding $24 billion in both digital and fiat currencies since its establishment in 2022. Treasury Secretary Scott Bessent emphasized the administration's commitment to dismantling these criminal enterprises, stating that billions of dollars are stolen from American victims annually. The sanctions, announced by the Treasury's Office of Foreign Assets Control (OFAC), also target two entities supporting Xinbi's operations: SafeW Technology, based in Singapore, and Anwen Technology, based in Cambodia. These companies are associated with providing encrypted messaging and digital wallet services, respectively. Moreover, the US Secret Service and blockchain intelligence firm Elliptic have frozen $52.8 million in cryptoassets linked to Xinbi Guarantee. This move creates uncertainty for the platform's users, whose assets could be identified and frozen at any time. In response to these developments, Xinbi Guarantee seems to have gone offline, with Telegram taking down related channels and banning associated usernames. The UK had already sanctioned Xinbi Guarantee earlier in March, highlighting the international effort to curb its illegal activities.