Techub News reports that, according to Caixin, Li Xiong, a core executive of Taizhi Group and former Chairman of Huiwang Group, has been deported back to China. He is suspected of multiple crimes including operating casinos, fraud, and concealing and disguising criminal proceeds. Li Xiong established Huione Pay PLC in Cambodia in 2018. According to Elliptic's data, since 2021, Huione's escrow and its merchant cryptocurrency wallets have received over approximately $24 billion. Investigations show that Huione escrow has become a large-scale online illegal trading platform, with platform merchants explicitly offering services such as cross-border transfers, money laundering, and converting illegal proceeds into stablecoins, with different money laundering fee rates set according to the risk level of funds being frozen.