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2026-04-02 04:03:16 UTC

Blockchain Report on Nostr: According to Caixin, Li Xiong, a key figure in the Prince Group, has been repatriated ...

According to Caixin, Li Xiong, a key figure in the Prince Group, has been repatriated to China. He faces multiple charges including operating a casino, fraud, illegal business operations, and concealing criminal proceeds. Li Xiong previously served as chairman of Huione Group, a subsidiary of Prince Group, and established the payment company Huione Pay PLC in Cambodia in 2018. Blockchain security firm Elliptic reported that since 2021, cryptocurrency wallets used by Huione Guarantee and its merchants have collectively received over $24 billion. Huione Guarantee has been identified as one of the largest online illegal marketplaces to date.

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