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Crypto

U.S. Authorities Crack Down on Chinese Illegal Market Xinbi; Freeze $52.8 Million in USDT

2026/09/10 22:15(Updated 2026/09/10 18:01)

CoinPost

Written by A.Yamada

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U.S. Authorities Crack Down on Chinese Illegal Market Xinbi; Freeze $52.8 Million in USDT

Crackdown on Illegal Market on Telegram

The U.S. Attorney's Office for the District of Columbia announced on the 9th that an interagency task force has cracked down on the Chinese illegal market 'Xinbi Guarantee,' freezing $52.8 million (approximately 8 billion yen) in USDT.

A total of 49 cryptocurrency wallets were frozen, all of which held the U.S. dollar-pegged stablecoin USDT. Among these, two wallets...

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