The UK sanctioned Xinbi — the first country to do so — after Chainalysis data showed it processed over $19.9 billion in illicit transactions between 2021 and 2025.Sanctions also target the operator of Cambodia’s “#8 Park” scam compound, believed to house up to 20,000 trafficked workers, along with multiple frozen London properties.The action precedes the UK’s Illicit Finance Summit in June, where officials plan to push for greater international coordination against crypto-enabled scam networks.