user-avatar
James Hunt

UK sanctions crypto-linked marketplace Xinbi and Cambodia's "#8 Park" operators

The UK government announced new sanctions on Thursday targeting Xinbi, a Chinese-language marketplace it says provides crypto-based services that support scam networks, alongside people linked to Cambodia's "#8 Park" compound. The package also names Legend Innovation Co., its director Eang Soklim and individuals tied to the Prince Group's financial network, and includes freezing several London properties as authorities seek to curb illicit financial flows and the trade in stolen data.