Gate News message, April 2, Li Xiong, a core member of the Taizi Group and formerly the chairman of Huione Group, has been escorted back to China. Li Xiong is suspected of committing multiple crimes, including running a gambling operation, fraud, illegal business operations, and concealing or disguising proceeds of crime. In 2018, Li Xiong established the payment company Huione Pay PLC (Huione Pay) in Cambodia. According to statistics from blockchain analytics firm Elliptic, since 2021, the cryptocurrency wallets used by Huione as guarantor and its merchants have received more than $24 billion, making Huione Guarantor the largest online illegal marketplace to ever operate at such a scale.
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