According to CoinMeta, the U.S. Department of Justice and the Treasury Department have taken enforcement actions against the illegal fraud service market xinbi, seizing and restricting the disposition of over $52 million in crypto assets, bringing the total amount of assets restricted by this task force to approximately $938 million. Tether provided assistance for this investigation. The Department of Justice accused xinbi of operating through Telegram as a fraud ring. Law enforcement authorities have seized its Telegram channel and two crypto wallets holding about $12 million, and restricted the disposition of another 47 related wallets. The U.S. Treasury Department’s Office of Foreign Assets Control has listed xinbi as a major transnational criminal organization and sanctioned two related entities. This task force also assisted Madagascar in closing 13 fraud camps, seizing over 3,200 electronic devices, and arresting nearly 400 people.