Deep Tide TechFlow News, April 2nd, according to Caixin reports, the Chinese government’s crackdown on the Chen Zhi criminal group is progressing further. The core member of the group, Li Xiong, has been deported back to China. Investigations show that Li Xiong previously served as chairman of Huiwang Group, a subsidiary of the Taizi Group, and is suspected of multiple crimes including illegal gambling, fraud, illegal business operations, and concealing criminal proceeds. Currently, Li Xiong has been subjected to compulsory measures according to law, and related cases are under further investigation.



According to Elliptic statistics, since 2021, Huiwang Guarantee and its merchants’ cryptocurrency wallets have received over $24 billion, making Huiwang Guarantee the largest online illegal marketplace in history.
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