The US Department of Justice and the Department of Treasury have taken enforcement actions against the illegal fraud service market Xinbi, sealing and restricting the disposal of over $52 million in cryptocurrency assets, bringing the total amount of assets restricted for disposal by the working group to approximately $938 million. Tether provided assistance for this investigation. The Ministry of Justice accuses Xinbi of operating through Telegram and providing investment fraud websites and money laundering services to fraud groups. Law enforcement agencies have seized its Telegram channel and two encrypted wallets holding approximately $12 million, and restricted the disposal of an additional 47 related wallets. The Office of Foreign Assets Control of the US Treasury Department has classified Xinbi as a major transnational criminal organization and sanctioned two related entities. The working group assisted Madagascar in closing 13 fraud zones, processing over 3200 electronic devices, and arresting nearly 400 people.