Overview
- UK officials, who announced the measures Thursday, designated the Chinese‑language marketplace Xinbi under the Global Human Rights regime.
- The action also names #8 Park and its operator Legend Innovation Co., with the Cambodia site described as capable of holding up to 20,000 trafficked workers.
- Chainalysis estimates Xinbi processed about $19.9 billion from 2021 to 2025, with services that include unlicensed OTC trades, money laundering and sales of stolen personal data and satellite internet gear.
- Authorities say the goal is to cut Xinbi off from legitimate crypto networks and freeze linked assets in London, pointing to last year’s UK sanction on BYEX that preceded its shutdown.
- The move builds on US–UK penalties against the Prince Group in 2025 and comes as investigators note operators have rebuilt on new Telegram channels and apps, with the UK set to push wider coordination at June’s Illicit Finance Summit.