• Telegram channels linked to the marketplace’s operations have been taken down.
• Two digital wallets were frozen, containing approximately $52.8 million in cryptocurrency.
• The DoJ deployed the Scam Center Strike Force to Madagascar to assist in disrupting 13 scam compounds operated by Chinese organized crime groups in the region.

The action highlights a growing focus on dismantling the infrastructure that enables large-scale fraud, rather than targeting individual perpetrators alone. The seized funds and shutdown of communication channels aim to cut off both the financial lifeline and operational coordination for these scam networks.

Source: The Hacker News

Has your organization encountered any scams linked to Xinbi Guarantee or similar marketplace-style fraud operations, and how are you approaching detection and prevention?