The British authorities decided not to catch small fish, but to drain the entire pond at once.
British authorities have imposed sanctions against the Xinbi platform, which has been used to channel billions of dollars obtained by defrauding people around the world.
Xinbi is a large Chinese-language service that acts as an intermediary for payments between participants in criminal schemes. Through these platforms, sellers and buyers of illegal services conduct transactions with the guarantee that the money will not disappear. Essentially, Xinbi served as an "escrow service" for the criminal market.
According to Chainalysis, over $19.9 billion passed through Xinbi between 2021 and 2025. The platform facilitated a wide range of services, from money laundering and illegal cryptocurrency trading to the sale of personal databases and infrastructure for fraudulent transactions.
British authorities also pointed to Xinbi's connection to the #8 Park complex in Cambodia. This is a major fraud center where, according to reports, up to 20,000 people may be held. Such facilities are known not only for their massive fraud schemes, including so-called " pig butcheries ," but also for the brutal treatment of people forced to work under threats and violence.
The sanctions affected not only the platform itself but also the owners and operators of #8 Park. This approach demonstrates a shift in tactics: instead of hunting down individual participants in the schemes, the authorities are attempting to destroy the infrastructure that enables fraud to operate on an industrial scale.
Xinbi operated as a peer-to-peer platform, primarily through the Telegram messenger. Users accessed the service's channels through the official website and negotiated transactions there. The platform provided intermediary services and reduced risks between parties, making it an important link in the entire chain.
An analysis of Xinbi's transactions revealed close ties to other similar services, including Huione and Tudou. These platforms channel money from investment and romance scams, after which the funds are "cleaned" through a chain of intermediaries and illegal exchangers.
Even after attempts to block it in 2025, Xinbi quickly restored operations. After deleting its Telegram channels, the service created new ones and then began using the alternative messenger SafeW. Furthermore, the platform launched its own payment app, XinbiPay, to reduce its reliance on third-party platforms.
The British authorities imposed sanctions under the global human rights regime. The agency emphasized that Xinbi had assisted organizations involved in serious abuses, including violence and forced labor.
This new move demonstrates that the fight against fraud is reaching a new level. Instead of individual actors, the threat now targets systems that connect thousands of participants and enable the laundering of tens of billions of dollars.
British authorities have imposed sanctions against the Xinbi platform, which has been used to channel billions of dollars obtained by defrauding people around the world.
Xinbi is a large Chinese-language service that acts as an intermediary for payments between participants in criminal schemes. Through these platforms, sellers and buyers of illegal services conduct transactions with the guarantee that the money will not disappear. Essentially, Xinbi served as an "escrow service" for the criminal market.
According to Chainalysis, over $19.9 billion passed through Xinbi between 2021 and 2025. The platform facilitated a wide range of services, from money laundering and illegal cryptocurrency trading to the sale of personal databases and infrastructure for fraudulent transactions.
British authorities also pointed to Xinbi's connection to the #8 Park complex in Cambodia. This is a major fraud center where, according to reports, up to 20,000 people may be held. Such facilities are known not only for their massive fraud schemes, including so-called " pig butcheries ," but also for the brutal treatment of people forced to work under threats and violence.
The sanctions affected not only the platform itself but also the owners and operators of #8 Park. This approach demonstrates a shift in tactics: instead of hunting down individual participants in the schemes, the authorities are attempting to destroy the infrastructure that enables fraud to operate on an industrial scale.
Xinbi operated as a peer-to-peer platform, primarily through the Telegram messenger. Users accessed the service's channels through the official website and negotiated transactions there. The platform provided intermediary services and reduced risks between parties, making it an important link in the entire chain.
An analysis of Xinbi's transactions revealed close ties to other similar services, including Huione and Tudou. These platforms channel money from investment and romance scams, after which the funds are "cleaned" through a chain of intermediaries and illegal exchangers.
Even after attempts to block it in 2025, Xinbi quickly restored operations. After deleting its Telegram channels, the service created new ones and then began using the alternative messenger SafeW. Furthermore, the platform launched its own payment app, XinbiPay, to reduce its reliance on third-party platforms.
The British authorities imposed sanctions under the global human rights regime. The agency emphasized that Xinbi had assisted organizations involved in serious abuses, including violence and forced labor.
This new move demonstrates that the fight against fraud is reaching a new level. Instead of individual actors, the threat now targets systems that connect thousands of participants and enable the laundering of tens of billions of dollars.
