Huione Group allegedly served crypto scam centers in Cambodia that carried out “pig butchering” scams and other schemes to steal crypto from victims.
Li Xiong, a key member of group that served crypto scam rings throughout Asia, has been extradited to China after his arrest in Cambodia, where he will face fraud and money laundering charges, according to Hong Kong-based news outlet Ta Kung Wen Wei.
“On April 1, with strong support from the relevant authorities in Cambodia, a task force sent by China’s Ministry of Public Security successfully escorted Li Xiong, a core key member of the Chen Zhi criminal syndicate, back to China from Phnom Penh, Cambodia,” it said on Wednesday, citing a statement from China’s Ministry of Public Security on WeChat.
Xiong previously served as chair of Huione Group, an alleged crypto crime organization that served scam centers in Cambodia that carried out “pig butchering” scams and other investment schemes to steal crypto from victims around the world.
