President Trump’s DOJ Hits Chinese-Run Scam Network With $52 Million One-Day Sweep

President Trump’s administration just landed a major blow against the industrial-scale scam networks stealing from Americans. In one coordinated operation, federal authorities restrained more than $52 million in cryptocurrency, sanctioned a Chinese-language criminal marketplace and helped foreign partners dismantle 13 Chinese-run scam compounds in Madagascar. This was not a small cybercrime bust. It was a strike at the infrastructure that allows fraud rings to recruit workers, build fake investment platforms, move stolen money and prey on victims across the world. The target at the center of the operation was Xinbi Guarantee, a Telegram-based marketplace that the Treasury Department says has...