Core member of Chen Zhi's criminal group, Li Xiong, extradited from Cambodia to China

BlockBeats News, April 1st, according to People's Daily, today, with strong support from relevant authorities in Cambodia, the Chinese Ministry of Public Security sent a working group to successfully repatriate Li Xiong, a core member of the Chen Zhi criminal group, from Phnom Penh, Cambodia to China.

Upon investigation, Li Xiong, former chairman of the Huiwang Group under the Prince Group, is suspected of crimes including running a casino, fraud, illegal business operations, and concealing and disguising proceeds of crime. Currently, Li Xiong has been taken into custody in accordance with the law, and related cases are under further investigation. A relevant person in charge of the Chinese Ministry of Public Security stated that several key members of the Chen Zhi criminal group have been successively apprehended, and the public security organs will continue to intensify their efforts to resolutely capture and bring to justice fugitives.

Previously, U.S. federal prosecutors accused the Prince Group's Chen Zhi of money laundering and telecommunication fraud, and in October 2025, revealed that the U.S. had seized 127,271 bitcoins formerly controlled by him, worth $15 billion at the time.