Chairman of Huione Cryptocurrency Scam Extradited to China for Charges

AirdropBlackHole · 2026-04-02T09:13:30+00:00

Li Xiong, a key figure in a gang aiding cryptocurrency fraud in Asia, was extradited from Cambodia to China to face fraud and money laundering charges. He formerly led Huione Group, linked to significant scams and managing over $89 billion in cryptocurrency.

AirdropBlackHole

2026-04-02 09:13:30

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On April 2, Hong Kong news outlet Ta Kung Pao reported that Li Xiong, a core member of a gang providing services to cryptocurrency fraud groups across Asia, was extradited back to China after being arrested in Cambodia. He will face charges of fraud and money laundering. “On April 1, with strong support from relevant Cambodian authorities, a special task force sent by the Chinese Ministry of Public Security successfully escorted Li Xiong, a core member of the Chen Zhi criminal group, back to the country from Phnom Penh, Cambodia,” the report cited a message released by the Chinese Ministry of Public Security on WeChat. Li Xiong previously served as the chairman of Huione Group, which has been accused of being a cryptocurrency crime organization that provided services to scam centers in Cambodia, where they implemented ‘pig butchering’ scams and other investment schemes to steal cryptocurrency from victims around the world. The Huione Group operates one of the largest illegal online markets globally, handling over $89 billion in cryptocurrency assets.

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