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UK becomes first country to sanction crypto marketplace Xinbi over $19.9B fraud empire – TON BOT

UK becomes first country to sanction crypto marketplace Xinbi over $19.9B fraud empire

The UK has sanctioned Xinbi and Cambodia’s #8 Park scam compound over a $19.9 billion fraud and trafficking network, freezing London assets before June’s Illicit Finance Summit. This action is part of a broader crackdown on crypto-enabled trafficking and aims to sever Xinbi from the legitimate crypto ecosystem to combat global fraud.


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