The U.S. Justice Department and Treasury Department took coordinated action against Xinbi Guarantee, a Telegram-based illicit services marketplace accused of supporting investment scams, money laundering and trafficking-linked scam compounds in Southeast Asia. Authorities seized or restrained more than $52 million in cryptocurrency assets in one day, lifting the Scam Center Strike Force's cumulative restrained-assets total to about $938 million. The Justice Department said it seized Xinbi's Telegram channel and two cryptocurrency wallets holding about $12 million, while restricting 47 additional related wallets. Tether voluntarily assisted the investigation. Treasury's Office of Foreign Assets Control designated Xinbi as a significant transnational criminal organization and sanctioned two entities accused of supporting it. The official action provides a public law-enforcement and sanctions basis for earlier reports that Tether had restricted Xinbi-linked blockchain wallets.