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US hit on $24 billion crypto black market sends rival money launderers running for exits

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
US hit on $24 billion crypto black market sends rival money launderers running for exitsWorldPing
Image via CryptoSlate.

What happened

DOJ seized Telegram channels and two wallets while OFAC sanctioned Xinbi and the developers behind SafeW and XinbiPay.

Key facts

  • Reported by CryptoSlate and published Thu, 10 Sep 2026 14:00:51 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Nasdaq invests $100 million in Kraken parent company Payward at $21 billion valuation

  2. Crypto exchange giant Bybit to offer European ‘super-app’ with stocks, derivatives

  3. Crypto researchers cut Bitcoin and Ethereum quantum attack estimate by 50%

  4. Here’s what happened in crypto today

  5. US hit on $24 billion crypto black market sends rival money launderers running for exits

  6. MoneyGram unveils stablecoin-backed card as digital dollars move into everyday spending

  7. MoneyGram launches first stablecoin-backed Visa card in Colombia

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

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Brief by WorldPing · Original reporting by Cointelegraph