On September 8, the U.S. Secret Service froze $52.8 million USDT across 52 wallets linked to the Telegram scam marketplace Xinbi. The next day, the Treasury Department designated it as a major transnational criminal organization. Two wallets totaling approximately $12 million were directly seized under a Justice Department warrant, while the rest remain frozen pending further action. Xinbi then swapped about $2.8 million into USDD, which lacks a centralized freeze mechanism.