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Secret Service freezes $52.8M in crypto linked to Telegram marketplace
๐Ÿช™ Crypto

Secret Service freezes $52.8M in crypto linked to Telegram marketplace

The US Secret Service froze $52.8 million in cryptocurrency tied to a Telegram bazaar called Xinbi, which processed $24 billion in transactions and was a tool for global fraud. The lead came from blockchain analysis by Elliptic, and the platform was hit with Treasury Department sanctions. Xinbi called the freeze unjust.

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