According to the UK sanctions filing, Hu Xiaowei and crypto platform Xinbi were targeted over alleged support for a Southeast Asia scam network tied to fraud operations.
The UK sanctioned Hu Xiaowei and crypto trading platform Xinbi in connection with a Southeast Asia scam network. According to the sanctions filing, Hu was described as a longtime associate of Chen Zhi, while Xinbi allegedly provided crypto-related services to scam centers. The filing also said the platform was involved in activities connected to the sale of stolen personal data and satellite internet equipment used by the network.