[U.S. Department of Justice Seizes Xinbi Guarantee, Freezes $52 Million in Cryptocurrency] The U.S. Department of Justice has seized the China-operated illegal scam platform Xinbi Guarantee, freezing $52 million in cryptocurrency in a single day, with a total frozen amount reaching $938 million. Law enforcement shut down its Telegram channel and seized cryptocurrency wallets holding $12 million, while additionally freezing 47 associated wallets. The U.S. Treasury Department's OFAC has designated Xinbi as a major transnational criminal organization and imposed sanctions. Furthermore, law enforcement dismantled 13 scam centers in Madagascar, arresting nearly 400 individuals. According to the FBI Internet Crime Complaint Center, cryptocurrency investment scams are projected to cause U.S. victims losses of $8.65 billion by 2025.