UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

Mar 26, 2026 - 23:45
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UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.

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