The UK Foreign, Commonwealth & Development Office sanctioned Xinbi, a Chinese-language crypto guarantee marketplace that processed $19.9 billion in illicit flows between 2021 and 2025, cutting it off from the global crypto ecosystem effective March 26, 2026.

The designation freezes all UK-linked assets, bars British banks, crypto firms, and individuals from transacting with the platform, and targets the on- and off-ramps sustaining one of the most interconnected scam networks ever documented.

Key Takeaways:

• Designation Scope: Xinbi processed $19.9 billion in illicit crypto flows from 2021–2025 and is now fully sanctioned under the UK’s Global Human Rights regime, with assets frozen and all UK financial, trade, and…