UK Sanctions Target Xinbi Marketplace and Asian Cybercrime Hubs (infosecurity-magazine.com)

• Sanctions against the second-largest illicit marketplace
• Disruption of SE Asian scam center funding
• Crackdown on crypto-fiat gateways for criminal networks

"The UK government has imposed sanctions on Xinbi, identified as a massive illicit cryptocurrency marketplace. This entity is accused of facilitating the financing of organized crime hubs in Southeast Asia, particularly those involved in human trafficking and 'pig butchering' scams. The move highlights the intersection of digital finance and transnational security, focusing on dismantling the financial rails of modern cybercrime."