[U.S. Department of Justice Freezes Approximately $938 Million in Fraud-Related Cryptocurrency, Adds $52 Million in a Single Day] Odaily Planet Daily reports that the U.S. Department of Justice's Fraud Section Task Force, in an operation targeting the Telegram-based cryptocurrency escrow platform Xinbi Guarantee, restricted the handling of approximately $52 million in fraud-related cryptocurrency in a single day, bringing the total amount to approximately $938 million. Previously, the cumulative amount frozen, seized, or recovered had exceeded $580 million. The U.S. Treasury Department stated that Xinbi Guarantee, established around 2022, has processed transactions exceeding $24 billion, involving both digital assets and fiat currencies, primarily serving Southeast Asian markets. North Korean hackers and sanctioned entities are alleged to have used the platform, including entities under Jin Bei Group and Prince Group. On September 7, a U.S. federal court approved the seizure of the Telegram channel operated by Xinbi Guarantee. Law enforcement simultaneously confiscated two payment wallets containing a combined total of approximately $12 million and applied to freeze an additional 47 cryptocurrency wallets suspected of being used for money laundering or linked to fraudulent service providers. On September 9, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added Xinbi Guarantee and its two supporting companies, Safew Technology and Anwen Technology, to its sanctions list. Additionally, the U.S. Department of Justice dispatched investigators to Madagascar to assist local law enforcement in cracking down on 13 scam compounds operated by Chinese nationals and to handle over 3,200 electronic devices. (Bitcoin.com News)