Caixin: Li Xiong, a core figure in Prince Group, may be operating cryptocurrency worth over $24 billion.

CoinFeed reported on April 2nd that, according to Caixin, Li Xiong, a core member of the Prince Group, has been extradited back to China. He is suspected of multiple crimes, including operating casinos, fraud, illegal business operations, and concealing criminal proceeds. Li Xiong previously served as chairman of Huione Group, a subsidiary of the Prince Group. In 2018, he established the payment company Huione Pay PLC in Cambodia. According to Elliptic, since 2021, Huione Pay and its merchants' cryptocurrency wallets have received over $24 billion, making Huione Pay the largest online illicit marketplace in history.