Core Member of Chen Zhi Criminal Group Li Xiong Extradited from Cambodia to China

On April 1, according to the People’s Daily, with strong support from relevant departments in Cambodia, a working group from the Ministry of Public Security of China successfully extradited Li Xiong, a core member of the Chen Zhi criminal group, from Phnom Penh, Cambodia, back to China. Investigations revealed that Li Xiong previously served as the chairman of Huiwang Group under the Prince Group and is suspected of multiple crimes including operating illegal casinos, fraud, illegal business operations, and concealing criminal proceeds. Li Xiong has now been subjected to compulsory measures in accordance with the law, and the related cases are under further investigation. A relevant official from the Ministry of Public Security of China stated that several core members of the Chen Zhi criminal group have been apprehended, and law enforcement will continue to intensify efforts to capture fugitives. Previously, U.S. federal prosecutors accused Chen Zhi of money laundering and telecom fraud, and in October 2025, it was revealed that the U.S. had seized 127,271 bitcoins he once controlled, valued at $15 billion at the time.