Elliptic

Money Moves

As of September 2026: Provided intelligence that enabled the freeze

The U.S. Treasury designated Xinbi Guarantee, a Chinese-language online marketplace, as a transnational criminal organization on September 9. The platform has processed more than $24 billion in digital assets since 2022, and the Justice Department seized its infrastructure the same day.

Updated Sep 10

Rule Changes

As of May 2026: Primary research source identifying Huione's scale

Cambodia extradited Li Xiong, former chairman of Huione Group, to China on April 2, making him the second senior figure removed. Blockchain analytics firm Elliptic calls it the largest illicit online marketplace ever documented and traced more than $89 billion in cryptocurrency flowing through its platforms. The platforms allegedly laundered proceeds from romance scams, cyber heists, and North Korean state-sponsored theft.

Updated May 30