Cambodian authorities have extradited **Li Xiong**, the former chairman of **Huione Group**, to China on Wednesday. Xiong is accused of laundering money for the scamming industry, marking a significant development in the ongoing crackdown on cybercrime operations in the region. ### Huione Group's Role in Cybercrime **Huione Group**, under Xiong's leadership, operated various online platforms, including an online banking arm, cryptocurrency exchange, and online marketplace. These platforms allegedly served as infrastructure for cybercriminals, earning the group the moniker "Amazon for criminals." ### Ties to Other Criminal Enterprises Chinese state media, citing the Ministry of Public Security, connected Xiong to **Chen Zhi**, the former head of **Prince Group**. Zhi was recently arrested and extradited to China for allegedly overseeing a multibillion-dollar scamming enterprise. Xiong is described as a "key member of the **Chen Zhi** criminal syndicate" and is suspected of various crimes, including operating gambling dens, fraud, and money laundering. ### Crackdown on Scam Operations in Cambodia Xiong's arrest coincides with a broader crackdown in Cambodia targeting scam operations that have flourished for years. The Cambodian government has pledged to eradicate scam compounds within its borders by the end of April. Raids on these facilities have revealed the scale of human trafficking and forced labor involved in these scams, with rescued workers often left without resources or legal documentation. ### U.S. Treasury's Involvement In May 2025, the U.S. Treasury’s Financial Crimes Enforcement Network (**FinCEN**) designated **Huione Group** as “a financial institution of primary money laundering concern.” **FinCEN** accused the group of laundering billions of dollars in illicit funds, including proceeds from cyber heists carried out by North Korean hackers and transnational criminal groups. According to the Treasury, **Huione** laundered at least $4 billion of illicit funds between August 2021 and January 2025. Treasury Secretary Scott Bessent stated that **Huione Group** had become the "marketplace of choice" for malicious cyber actors, including the Democratic People’s Republic of Korea (DPRK), who have stolen billions of dollars from Americans. <a href="https://www.recordedfuture.com/?utm_source=therecord&amp;utm_medium=ad"><figure><img src="https://cms.therecord.media/uploads/2025_0514_Record_Ads_970x250_1_d144dbf901.png" alt="Recorded Future"></figure></a>