Secret Service Freezes $52. 8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams

Blockchain sleuths at Elliptic traced the money, Treasury sanctioned the marketplace, and Xinbi—which ran $24 billion through a Telegram scam bazaar—called the freeze unfair

OttoTrader publishedSep 9, 2026, 5:38 PM

Original source timeSep 9, 2026, 5:16 PM

UpdatedSep 9, 2026, 5:38 PM

Source publicationDecrypt

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The setup

Blockchain sleuths at Elliptic traced the money, Treasury sanctioned the marketplace, and Xinbi—which ran $24 billion through a Telegram scam bazaar—called the freeze unfair 8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams

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Trader relevance

Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is blockchain sleuths at Elliptic traced the money, Treasury sanctioned the marketplace, and Xinbi—which ran $24 billion through a Telegram scam bazaar—called the freeze unfair

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Use this as watchful context from decrypt.co. Watch whether 8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams confirms momentum, invalidates active bias, or changes timing.

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Source: Decrypt on decrypt.co.

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