China Nabs Another Huione Group Core Member in Cambodia Extradition
Li Xiong, a senior determine at Huione Group, an alleged money-laundering community for crime organizations, was extradited to China from Cambodia.
“On April 1, with the sturdy help of related Cambodian departments, the Ministry of Public Security despatched a working group to efficiently escort Li Xiong, a core member of the Chen Zhi felony group, again dwelling from Phnom Penh, Cambodia,” a information outlet reported.
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According to media experiences, he’s suspected of a number of offenses. These vary from working casinos to fraud, unlawful enterprise actions, and the disguise of criminal proceeds.
“A related official from the Ministry of Public Security acknowledged that a number of core members of the Chen Zhi felony syndicate have already been apprehended. Law enforcement authorities will proceed to accentuate efforts to seize remaining fugitives,” the report added.
Authorities arrested Chen Zhi, chairman of Prince Group, the corporate behind Huione Group, roughly three months in the past. Reports from October indicated that the US Department of Justice confiscated over 127,000 Bitcoin (BTC) linked to Zhi.
Huione Group has confronted sanctions from a number of governments, together with the United States, the United Kingdom, and South Korea. In October, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) ordered US monetary establishments to not open or keep a correspondent account for, or on behalf of, Huione Group.
According to FinCEN’s findings, the group obtained a minimum of $4 billion in illicit funds between August 2021 and January 2025.
Meanwhile, Chainalysis knowledge reveals the broader ecosystem stays resilient. Chinese-language cash laundering networks (CMLNs) processed $16.1 billion in 2025. These networks have processed round 20% of illicit crypto funds over the previous 5 years
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