British Officials Impose Sanctions on $20 Billion Crypto Scam Market

British officials have launched sweeping sanctions against the Xinbi Guarantee black market, a Telegram-based platform facilitating scam operations worth approximately $20 billion. This crackdown targets a highly lucrative marketplace that has long operated with impunity, disrupting the infrastructure used to support cybercriminal enterprises. The move represents a significant escalation in the global fight against digital fraud and illicit financial flows.