🚨 Elliptic has worked with @SecretService to freeze wallets holding $52.8 million in cryptoassets linked to Xinbi Guarantee, the second largest illicit online marketplace of all time. Merchants on Xinbi sell victim personal data, communications infrastructure and money laundering services to scam operations worldwide. Since 2022 the marketplace has processed at least $24 billion. Guarantee marketplaces run entirely on trust. Merchants post deposits with the platform because criminals have no legal recourse against each other, and the escrow model substitutes for it. That only works while everyone believes their funds are out of reach. But that trust is misplaced. Every dollar that has moved through Xinbi left a permanent record on a public blockchain. We have been investigating that record for years, and this week our work brought those funds within reach of law enforcement. Read how Elliptic's work enabled today's freeze:

.@POTUS expresses his gratitude to the heroic men and women of the @SecretService at the White House Correspondents' Association Dinner: "We salute you and we thank you with all of our hearts." 👏🇺🇸

Secret Service Director Sean Curran met with competitors in the first-ever Secret Service Shootout, an intense two-day event shooting competition that brought together some of the best marksmen in our agency. #Marksmanship# #SecretServiceShootout#

Last week, Secret Service Director Sean Curran and Deputy Director Matt Quinn hosted the first-ever Secret Service Shootout. This unique event was an opportunity for marksmen in our agency to showcase their skills and the disciplines it takes to be on target when under pressure. #Marksmanship# #SecretServiceShootout#

On this day, July 5, 1865, the @SecretService was established under @USTreasury to protect the integrity of our nation’s financial system. Yesterday, they once again demonstrated their professionalism, safely evacuating attendees and welcoming everyone back for @POTUS' remarks and the fireworks. Thank you to the United States Secret Service and all law enforcement officers who keep America safe.

During an intense competition near Hedgesville, West Virginia, Secret Service shooters competed in several events during the Secret Service Shootout, our first-ever official marksmanship competition that provided some of our best marksmen an opportunity to demonstrate the skills it takes to be proficient. Behind every top finish is the training, repetition and discipline it takes to perform under pressure, and after two days of the close competition that showcased these disciplines, Deputy Director Matt Quinn congratulated the winners of our agency’s first official shooting competition. #Marksmanship# #SecretServiceShootout# #WinnersCircle#