Xinbi Crypto Freeze Hits $52.8 Million as U.S. Targets Telegram Scam Bazaar

The Xinbi crypto freeze has put a $52.8 million stash of cryptocurrency at the center of a U.S. crackdown on the online infrastructure behind global scams.On September 8, the U.S. Secret Service froze funds connected to Xinbi Guarantee, a Chinese-language marketplace operating through Telegram. The platform is accused of providing scammers with everything from stolen personal information to money-laundering services.The action was built with help from blockchain analytics firm Elliptic, which sa