Fulilai Guarantee began phasing out money laundering-related group merchants last night, according to monitoring by blockchain data analysis company Bitrace. The removals cover illegal entities commonly known as “card-to-USDT” and “cash car.” Bitrace said the Fulilai Wallet operated by Fulilai Guarantee is seeing rapid capital outflows. Since OFAC announced sanctions against Xinbi Guarantee, the wallet has recorded 9.3 million USDT in outflows. Bitrace previously said Xinbi Guarantee’s secretly deployed sub-guarantee platforms also saw abnormal outflows as many guarantee merchants exited the market.