U.S. targets alleged $24B Chinese cybercrime operation

    U.S. targets alleged $24B Chinese cybercrime operation

    Samuel Corum/Bloomberg via Getty Images The US announced Wednesday a coordinated operation to dismantle Xinbi Guarantee, a Chinese-language criminal organization accused of processing more than $24 billion in illicit transactions. The Treasury Department characterized Xinbi Guarantee as a platform used by cybercriminals to operate a large online marketplace for fraud and money laundering, Anadolu agency…

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