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UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.

Why this matters

This maps to the Security Incidents hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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Read on Cointelegraph

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