Huione chairman Li Xiong extradited to China to face fraud and crypto‑laundering charges
Li Xiong, the former chairman of Huione Group, was extradited from Cambodia to China, a move that sharply escalates a widening cross-border crackdown on an alleged crypto laundering and scam-finance network. The extradition pushes the case into a new phase, shifting it from sanctions and asset seizures into direct criminal prosecution.