{"id":24869,"date":"2026-04-02T07:15:18","date_gmt":"2026-04-02T07:15:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/china-takes-custody-of-alleged-huione-group-chairman-li-xiong\/"},"modified":"2026-04-02T07:15:23","modified_gmt":"2026-04-02T07:15:23","slug":"china-takes-custody-of-alleged-huione-group-chairman-li-xiong","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/china-takes-custody-of-alleged-huione-group-chairman-li-xiong\/","title":{"rendered":"China takes custody of alleged Huione Group chairman Li Xiong"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>A key figure allegedly behind the Huione network has been extradited to China, where he will face fraud and money laundering charges.<\/p>\n<div id=\"cn-block-summary-block_9b1a2c3c457e422c4abdd1297c9c92eb\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Li Xiong, linked to the Huione network, has been extradited from Cambodia to China to face fraud and money laundering charges.<\/li>\n<li>Authorities have tied Huione Group to a vast illicit marketplace that processed over $89 billion in crypto tied to scam operations across Asia.<\/li>\n<li>Despite U.S. enforcement actions, including FinCEN restrictions, the network has continued operating through new domains and active Telegram channels.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>A <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tkww.hk\/a\/202604\/01\/AP69cc9cc9e4b04773b06a6c9b.html\" target=\"_blank\" rel=\"nofollow\">report<\/a> from Hong Kong-based news outlet Ta Kung Wen Wei noted that Li Xiong, who was part of a group that helped scam rings in Asia launder illicit funds, was escorted back to China from Phnom Penh, Cambodia, citing a statement from China\u2019s Ministry of Public Security on WeChat.<\/p>\n<p>Xiong was a core member of the Chen Zhi criminal syndicate, according to the report, and had previously served as chairman of Huione Group, a network that supported scam centers carrying out \u201cpig butchering\u201d schemes and other investment frauds to extract funds from victims across the globe.<\/p>\n<p>For those unfamiliar, the Huione network has been linked to one of the largest illicit online marketplaces in operation, processing more than $89 billion in cryptoassets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Xiong\u2019s arrest and extradition come just months after the detention of Chen Zhi, the head of Prince Group, which operated Huione Group. The U.S. Department of Justice had earlier seized over 127,000 Bitcoin tied to Zhi\u2019s operations.<\/p>\n<p>The report added that several other members of Zhi\u2019s criminal syndicate have also been apprehended, according to statements from Chinese public officials.<\/p>\n<h1 class=\"wp-block-heading\">Huione Group resurfaces despite crackdown efforts<\/h1>\n<p>Efforts to cut off Huione\u2019s financial network have been underway in the U.S. over the past few years.<\/p>\n<p>Last year, the U.S. Department of the Treasury\u2019s Financial Crimes Enforcement Network labelled the group a primary money laundering concern and subsequently directed financial institutions to cut off access linked to its operations.<\/p>\n<p>However, third-party reports suggest that the network has resurfaced under new domains and continues to operate across platforms such as Telegram, maintaining activity despite enforcement pressure.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A key figure allegedly behind the Huione network has been extradited to China, where he will face fraud and money laundering charges. Summary Li Xiong, linked to the Huione network,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":20689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24869"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24869\/revisions"}],"predecessor-version":[{"id":24870,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24869\/revisions\/24870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/20689"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}