
How U.S. Authorities Dismantled a $30 Billion Romance Scam Empire
In September 2026, the U.S. Department of Justice dismantled Xinbi Guarantee, a Chinese-operated Telegram marketplace facilitating pig butchering romance scams and cryptocurrency money laundering. The coordinated operation seized Telegram channels, froze $52.8 million in cryptocurrency across 52 wallets, and disrupted 13 scam compounds in Madagascar operated by Chinese organized crime syndicates. Xinbi served as an escrow service connecting scammers with vendors offering fraudulent investment websites, money laundering services, and human trafficking for scam operations, processing approximately $30 billion in transactions since 2022. This disruption highlights the escalating threat of Southeast Asian scam centers that steal billions annually from American victims, with criminal organizations increasingly leveraging cryptocurrency and messaging platforms to operate sophisticated fraud-as-a-service ecosystems beyond traditional law enforcement reach.
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