Security
Treasury Sanctions a $24 Billion Scam Marketplace as It Flees Tether for a Rival Stablecoin
Unchained·September 9, 2026·1 min read
OFAC sanctioned Xinbi Guarantee, a Chinese-language platform that absorbed Huione's customers after US regulators shut that network, while the Justice Department seized its infrastructure. Operators told users they were leaving tether for a stablecoin harder to freeze, amid a $24 billion scam marketplace.
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