# US Shuts Down $52M Crypto Scam | Bitcoin and Crypto News

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/us-shuts-down-52m-crypto-scam-bitcoin-and-crypto-news
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/us-shuts-down-52m-crypto-scam-bitcoin-and-crypto-news.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-09-10T07:59:49+00:00
Episode link: https://sources.thednn.ai/176b6556c78605e6
Audio file: https://api.fastcast.ai/audio/0e64de5f-f677-451e-adee-015213cd3edf.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/episodes/us-shuts-down-52m-crypto-scam-bitcoin-and-crypto-news
Duration seconds: 112

## Resource

US authorities just shut down Xinbi, a massive crypto scam marketplace, freezing $52 million in digital assets and dismantling its Telegram channels used to advertise money laundering and recruit scammers in Southeast Asia. This coordinated strike targets the entire infrastructure of criminal crypto operations—not just individuals—by seizing financial tools and cutting off communication. Tether helped track funds, and the Treasury labeled Xinbi a major criminal organization, sanctioning two tech firms in Singapore and Cambodia for enabling its activities. Xinbi, which moved operations to a secure messaging app around last June as law enforcement closed in, has allegedly funneled $24 billion since 2022, linked to North Korean hackers and sanctioned groups. The US now blocks all ties to Xinbi, while the UK also imposed sanctions earlier this year to cut off crypto access and freeze assets—showing global efforts are intensifying to dismantle these sprawling scams. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/176b6556c78605e6

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