Chinese authorities say Li Xiong, a senior member of a network that moved crypto scam proceeds across Asia, was extradited from Cambodia to China to face fraud and money‑laundering charges. The transfer took place on April 1, according to a statement posted by China’s Ministry of Public Security on WeChat and reported by Hong Kong outlet Ta Kung Wen Wei. Cambodian authorities assisted a Chinese task force in escorting Li from Phnom Penh.
Li previously served as chairman of Huione Group, which authorities say supported scam call centers in Cambodia that ran “pig butchering” schemes and other investment frauds targeting victims worldwide. Research cited by blockchain analytics firm Elliptic has linked Huione to a major illicit online marketplace, alleging the group handled more than $89 billion in crypto assets.
Li’s extradition follows high‑profile enforcement actions against the wider network. Chen Zhi, head of Prince Group — the operator of Huione — was arrested earlier, and U.S. authorities have reportedly seized 127,271 Bitcoin (BTC) worth in excess of $15 billion tied to Chen. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has also issued guidance directing U.S. banks to cut payment and account ties to Huione Group.
Chinese public security officials quoted by Ta Kung Wen Wei said other members of Chen Zhi’s syndicate have been detained “one after another” and warned that authorities will step up efforts to apprehend fugitives. Officials urged suspects to surrender promptly to seek leniency.
This report was produced in line with Cointelegraph’s editorial standards. Readers are encouraged to verify details independently and consult original statements from relevant authorities for confirmation.
