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Secret Service Freezes $52.8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams

The U.S. Secret Service froze $52.8 million in USDT across 52 wallets linked to Xinbi Guarantee, a Telegram-based marketplace that sells tools used in global scams, following intelligence from blockchain analytics firm Elliptic. The Treasury's Office of Foreign Assets Control designated Xinbi as a significant transnational criminal organization, and the DOJ says its Scam Center Strike Force has seized roughly $938 million in scam-linked crypto since launching in November 2025.

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