UK Sanctions Xinbi, #8 Park Scam Compound and Its Operator
Summary
The U.K. sanctioned Telegram-based marketplace Xinbi, Cambodia’s #8 Park scam compound and its operator, Legend Innovation Co. Chainalysis reports Xinbi processed over $19.9 billion from 2021–2025 and facilitated illicit crypto services and stolen-data sales.
Key points
- The U.K.’s FCDO sanctioned Xinbi, a Chinese-language Telegram marketplace that sells stolen data and satellite internet equipment and provides cryptocurrency services to scam networks.
- Chainalysis reports Xinbi processed over $19.9 billion between 2021 and 2025, including unlicensed OTC trades, money laundering and stolen personal-database sales.
- The sanctions also target Cambodia-linked #8 Park and its operator, Legend Innovation Co. The FCDO describes the compound as believed to be Cambodia’s largest, with capacity for 20,000 trafficked workers.
- Xinbi is also believed to have helped North Korean threat actors launder cryptocurrency stolen in large heists.
- The FCDO says the sanctions aim to isolate Xinbi from legitimate crypto infrastructure and prevent it from sending or receiving cryptocurrency payments.
- The article describes scam centres in Myanmar, Cambodia and Laos using stolen information to lure victims into fake investment, pig-butchering and romance scams, while coercing trafficked workers.
Article Details
- Event Type
- The U.K.’s FCDO sanctioned Xinbi, the #8 Park scam compound, and its operator, Legend Innovation Co.
- Impact
- The sanctions are intended to isolate Xinbi from legitimate cryptocurrency infrastructure and disrupt payments to scam centres. Chainalysis reported that Xinbi processed over $19.9 billion between 2021 and 2025; the marketplace is described as facilitating money laundering, unlicensed OTC trades, and the sale of stolen personal data. The article also says scam operations exploit trafficked workers and use stolen information to target victims with investment and romance scams.
People
Threat Actors
Chen ZhiIdentified as the leader of the Prince Group crime ring. The article reports that the U.S. Department of Justice seized $15 billion in bitcoin from him and that he remains at large.Legend Innovation CoIdentified as the operator of #8 Park, a scam compound targeted by the U.K. sanctions.Prince GroupDescribed as a crime ring linked to #8 Park and to scam operations; the U.K. and U.S. previously sanctioned the group.
Products
Byex Exchangeoperations by making it impossible to send or receive cryptocurrency payments, as happened when the Byex Exchange cryptocurrency platform shut down after being sanctioned by the U.K.XinbiThe U.K.’s FCDO has sanctioned Xinbi, a Telegram-based marketplace that sells stolen data and satellite internet equipment and provides cryptocurrency services used to support scam centres and launder proceeds.
Countries
CambodiaThe action also targets the Cambodia-linked ‘#8 Park’ compound and its operator Legend Innovation Co to disrupt large-scale investment and romance scam operations tied to the Prince Group and illicit crypto flows.LaosScam centres in Myanmar, Cambodia, and Laos coerce trafficked workers and use stolen databases from platforms like Xinbi to run pig-butchering and romance scams.MyanmarScam centres in Myanmar, Cambodia, and Laos coerce trafficked workers and use stolen databases from platforms like Xinbi to run pig-butchering and romance scams.United KingdomThe United Kingdom’s Foreign, Commonwealth and Development Office (FCDO) has sanctioned Xinbi, a Chinese-language online marketplace that sells stolen data and satellite internet equipment to scam networks in Southeast