📰 Treasury Sanctions a $24 Billion Scam Marketplace as It Flees Tether for a Rival Stablecoin
🗓️ Sep 09 2026 22:44 UTC - Unchained
OFAC designated Xinbi Guarantee, the Chinese-language platform that absorbed Huione's customers after US regulators shut that network out, while the Justice Department seized its infrastructure. Its operators had already told users they were leaving tether for a stablecoin that is harder to freeze.
➤ US authorities have sanctioned Xinbi Guarantee, a $24 billion Chinese-language scam marketplace, and seized its infrastructure.
➤ Xinbi Guarantee, which absorbed customers from a previously shut-down platform, was targeted by OFAC and the Justice Department for its role in facilitating scams.
➤ The marketplace operators were reportedly migrating to USDD, a Tron-based stablecoin, to avoid asset freezes, highlighting ongoing challenges in combating illicit activities in the digital asset space.
#xinbiguarantee #tether #usdd #stablecoin #ofac #justicedepartment #scammarketplace #sanctions #tron #digitalassets
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RWA Times
Treasury Sanctions a $24 Billion Scam Marketplace as It Flees Tether for a Rival Stablecoin
OFAC designated Xinbi Guarantee, the Chinese-language platform that absorbed Huione's customers after US regulators shut that network out, while th...


















