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Caixin: Crown Prince Group's core executive Li Xiong manages cryptocurrencies worth over $24 billion
ME News Report, April 2nd (UTC+8), core member of the Prince Group and former Chairman of Huiwang Group, Li Xiong, has been deported back to China. He is suspected of opening casinos, fraud, illegal business operations, and concealing criminal proceeds. In 2018, he established the payment company Huione Pay PLC (Huiwang Pay) in Cambodia. According to Elliptic, since 2021, Huiwang Guarantee and its merchants’ cryptocurrency wallets have received over $24 billion, making Huiwang Guarantee the largest online illegal marketplace in history. (Source: ODaily)