China Nabs Another Huione Group Core Member in Cambodia Extradition
Summary
Li Xiong, a core member of the Huione Group, has been extradited from Cambodia to China following a joint law enforcement operation. The Huione Group is accused of operating as a massive money-laundering network, allegedly processing billions in illicit funds. This arrest follows the earlier detention of Chen Zhi, the chairman of Prince Group, which is linked to Huione. The organization remains under international scrutiny, with sanctions imposed by the US, UK, and South Korea due to its involvement in fraud and illegal financial activities.
(Source:BeInCrypto)