UK Targets Xinbi Crypto Network Linked to $19.9B Scam Infrastructure
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UK FCDO designated Xinbi as a significant crypto-enabled infrastructure provider as part of a global crackdown on scam networks. Xinbi is linked to #8 Park scam compound in Cambodia, allegedly using up to 20,000 trafficked workers to run crypto investment and online fraud. Authorities estimate Xinbi processed over $19.9 billion in illicit transactions from 2021–2025, raising major security, regulatory and CEX/DeFi counterparty risks.
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- The UK has designated Xinbi a significant piece of crypto-enabled infrastructure.
- Xinbi supports #8 Park, an industrial-scale scam compound in Cambodia.
- Xinbi processed over $19.9 billion in illicit transactions between 2021 and 2025.
The UK’s Foreign, Commonwealth and Development Office (FCDO) has designated Xinbi, a major crypto-enabled guarantee marketplace, as part of a broader crackdown on global scam networks. Authorities say the platform helped power large-scale fraud operations linked to trafficking compounds in Cambodia.
Xinbi Linked to Large-Scale Crypto Scam Compounds
The UK government said Xinbi supported #8 Park, a major scam compound in Cambodia believed to house up to 20,000 trafficked workers. These operations reportedly forced victims to run crypto investment scams and online fraud targeting users worldwide.
By designating Xinbi, authoritie…
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