Crypto Scam Leader Extradited to China to Face Charges
Cointelegraph
Li Xiong, a key figure in the Huione Group, has been extradited from Cambodia to China to face money laundering and fraud charges.Summary
Li Xiong, a former chairman of the Huione Group, has been extradited from Cambodia to China to face charges related to fraud and money laundering. The Huione Group is accused of facilitating massive crypto-based "pig butchering" scams and operating an illicit marketplace that handled over $89 billion in assets. This extradition follows the arrest of Chen Zhi, head of the Prince Group, and signals an intensified crackdown by Chinese authorities on criminal syndicates involved in global crypto scams.
(Source：Cointelegraph)