OFAC and DOJ Strike Xinbi, a Multibillion-Dollar Marketplace for Cybercriminals
U.S. authorities sanctioned Xinbi, a major Chinese-language cybercrime marketplace, seizing or restraining over $52 million in crypto and disrupting its laundering services.
The Treasury’s OFAC designation and DOJ seizure actions targeted Xinbi’s infrastructure after evidence of DPRK-linked actors laundering stolen funds through its vendor network.
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Official OFAC/DOJ sanctions on a major illicit marketplace—core regulatory action with verified details.