Feds Move to Shut Down Chinese Cyberscam Factory
3 Articles
3 Articles
Feds move to shut down Chinese cyberscam factory
The federal government has seized a Chinese-run online scammers' marketplace, blocked more than $50 million in laundered cryptocurrency, slapped sanctions on the operators and sent a strike force to Madagascar to help close 13 scam compounds.
(Washington = Yonhap News) Correspondent Park Sung-min = The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced on the 9th (local time) that a transnational criminal organization, a Chinese-language-based cyber fraud platform (...
U.S. Attorney Jeanine Pirro for the District of Columbia announced on Wednesday (September 9) that the U.S. Department of Justice's Scam Center Strike Force (SCSF) had taken a series of enforcement actions against the Chinese online trading platform Xinbi Guarantee. The platform was shut down, and approximately $52 million worth of cryptocurrency involved in the case was frozen in a single day. Xinbi Guarantee is accused of being a large-scale i…
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