UK Sanctions Xinbi Marketplace for Facilitating Cybercrime in Southeast Asia
Security
The United Kingdom’s Foreign, Commonwealth and Development Office (FCDO) has imposed sanctions on Xinbi, a Chinese-language cryptocurrency-based online marketplace. Xinbi is accused of selling stolen data and satellite internet equipment to scam networks operating in Southeast Asia. The sanctions target a platform facilitating cybercriminal activities linked to fraudulent operations in the region. No specific dates, technical details, or numerical data regarding the scale of operations were provided in the notice. The action underscores the UK’s efforts to disrupt cybercrime supply chains supporting transnational scam centers.